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 turning higher once more

​​FTSE 100, DAX and Dow start to regain ground after a brief period of downside.

FTSE 100 falls back towards key support

The FTSE 100 failed to maintain its initial gains yesterday, with the index faltering at the 61.8% Fibonacci resistance level.

While the price started turning back towards that initial low of 5895 overnight, we are seeing some stability come into play as the European markets open. The recent uptrend does remain intact, and it makes sense to expect further upside unless we see the price break below 5895 support.

DAX starts to stabilise after recent pullback

The DAX has also started to consolidate after yesterday's declines, with the price failing to break below yesterday's low of 10,739 despite overnight losses.

With the index starting to build some momentum, a rise through the 10,903 level would bring greater confidence that we will see a continuation of the gains seen in early May.

Dow Jones wedge points towards further upside

The Dow losses seen overnight look to have formed a falling wedge pattern, with the price starting to rebuild momentum as the stochastic declines into oversold territory.

Despite ongoing worries that the reopening of economies will ultimately prove how restricted we will be by this virus, we are yet to see the sentiment really take a bearish shift. With that in mind, further upside looks likely for now, where a break through the 24,366 level brings about greater confidence of a bullish move.

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.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.