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

Yesterday was a better day for markets, which has raised hopes that further gains are in store.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

FTSE 100 looks for a change of pace

Yesterday marked a change from the losses sustained in the week thus far for the FTSE 100.

If the price can hold above 7200, then another challenge of 7300 could be in the offing, and 7391 above this. Support is possible around 7144 and then 6919.

DAX stumbles at resistance

DAX's attempt at pushing on from yesterday’s gains has run into trouble at the 12,550 area, as resistance kicks in around this level.

A move below 12,276 would break the pattern of higher lows seen since 6 February. Below 12,200, possible support remains at 12,051, 11,908 and then 11,692.

S&P 500 looks to maintain progress

The S&P 500 recovered slowly yesterday, but it has still to push on meaningfully beyond the 2730-2750 area.

Above here, 2877 would come back into play. Support remains around 2628, 2597 and then 2530.

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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.

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