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 S&P 500 at risk of further falls

While indices have managed to recover from the lows of yesterday, the gains are already stalling.

FTSE 100 falters after rebound

The FTSE 100 recovered from the lows of the session yesterday, but gains have stalled below 6250, creating a possible lower high.

A renewed move lower targets 6050 and then on to 5950. A move through 6350 would be needed to suggest the buyers are back in charge, and would open the way to 6500 and the highs from the middle of the month.

DAX bounce runs out of steam

For the DAX too, the rebound seems to have run its course and having been unable to clear 12,400, the sellers look to be in the ascendancy.

Further declines target 12,000 and then, below this, 11,800 and 11,600. A more bullish view requires the price to move on above 12,500, clearing recent resistance.

S&P 500 creates lower high

For the S&P 500, while the price rebounded from Thursday’s lows, gains have stalled around 3090.

A renewed move lower from the current lower high targets 3020 and then 2950. If the price can move above 3100 then a more bullish view might prevail, but it would need to clear 3140 and trendline resistance from the 10 June highs to really suggest a fresh move higher is underway.

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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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