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 gain ground, yet the bears continue to lurk

FTSE 100, DAX and Dow continue to regain ground, yet wider bearish trend likely to return before long​​.

FTSE 100 rebounds, yet could this be a short-term move?

The FTSE 100 is on the rise again today, with an overnight pullback proving short-lived. This rally could be the latest leg in a wider uptrend seen throughout last week.

However, the decline below 5473 seen on Friday highlights the potential that we are seeing a retracement here rather than an all-out recovery. With that in mind, short-term gains are viewed as a potential precursor to another move lower, with the 76.4% Fibonacci retracement level (5712) providing an interesting area for such a move to potentially play out. These short-term gains need to take us through 5828 to negate the potential view that this market could be rolling over.

DAX pushes higher despite previous breakdown

The DAX rally has taken the index above the 76.4% Fibonacci retracement, potentially pointing towards a continuation of the recent uptrend despite the break below 9524 and 9440 seen yesterday.

With that in mind, we need to see a break through 10,119 to bring about a continuation signal which would negate the bearish signal that come yesterday.

Dow Jones climbs back towards previous peak

The Dow Jones has been on the rise since retracing back into the 76.4% Fibonacci retracement level on Monday.

The recent uptrend does still remain intact for this market and therefore it makes sense to expect a rise through the 22,684 level to continue that move. However, with a wider bearish trend in play, another major decline remains the most likely event before long.

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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