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.
Established in 1974
Over 185,000 clients worldwide
15,000 markets worldwide

Levels to watch: FTSE 100, FTSE 250 and DAX

Markets are relatively quiet so far this morning, and with the US out of the picture today Europe may struggle to make further gains.

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.
US trader
Source: Bloomberg

FTSE 100

After the breakout to new highs for the year, the question is what comes next. The next targets to watch on the upside become 6750 and then 6825, the highs from early August 2015 and then mid-July 2015 respectively.

Having seen such a relentless push higher, some weakness today would not be surprising, but so long as the price holds above 6440 then we can continue to expect gains. A close below 6440 raises the prospect of a bigger move lower, perhaps down towards 6320 and then 6200.

FTSE 250

Having pushed back above the mid-June (pre-Brexit) lows, the index looks in fine form. Some skittishness is possible around 16,500, which was key support in early May and also proved significant back in February and March. A close above 16,500 would open the way longer-term to 17,000 and then the pre-Brexit peak around 17,400. 

DAX

​The index remains trapped below the 9800 area that marked vital support back in March and then in May as well. Any turn lower would first head towards support at 9440, and then below this we look to 9260 and then 9100.

The absence of US markets today may mean we see little upside progress, but a break above 9800 suggests a move to 10,000 and then 10,300.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

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.

Find articles by analysts