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Levels to watch: FTSE 100, Dax and S&P 500

Indices appear to be on the up once more, shrugging off any concerns regarding the Iran situation. 

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Buyers begin to come for FTSE 100

Another pullback has seen buyers begin to enter, pushing the FTSE 100 back towards the recent highs and holding above the 50-period simple moving average (SMA) at 7544 on the four-hour chart once more.

From here, 7712 and then 7800 come into play. There have been few bearish signs over the past few weeks, but a move below 7500 might signal a weakening of momentum.

DAX moves towards 12,954

The DAX continues to bump along below the 12,954 level.

A breakout from here would put the index on course to challenge 13,200 and then 13,600. A deep pullback towards 12,600 would provide another possible buying opportunity, while remaining within the current strong uptrend.

S&P 500 looks to break higher

The S&P 500 appears to have recovered from short-term weakness over the past few days, and is looking to challenge the 2682 level in order to break higher.

From here, the downtrend line from the all-time highs comes into play, around 2700, and then the mid-April high at 2718. 

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.