CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

FTSE 100, DAX and Dow breakout points towards further gains

FTSE 100, DAX and Dow surge points towards the likelihood of further upside to come.

FTSE 100 pushing higher once more following

The FTSE 100 is looking to build on yesterday's gains, with the index surging higher after the price broke through the crucial 5557 resistance level. That shift out of the recent trend of lower highs allows for further upside, with the bulls clearly taking hold for the time being.

An overnight pullback has been cast aside with ease this morning, bringing the price into another high. That pullback can be useful for us, with long positions preferred unless we see a break below the 5573 swing low.

DAX outperformance sees surge into three-week high

The DAX has pushed out of the consolidation phase seen since the final week of March, with the push through 10,098 providing us with a bullish breakout signal.

That level has now been respected as new support, with the price breaking higher after a retracement into that new support level. A bullish outlook is thus now in play, with a break below 10,098 required to negate this view.

Dow surge continues following bullish breakout

The Dow Jones has also managed to break into a three-week high, with the index building on an initial move through the 22,685 resistance level overnight.

That ability to immediately surge back into fresh highs after just a few hours of consolidation points towards further upside for the short term, with a bullish outlook thus in play unless we see a break back below the 22,422 level.

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.

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