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 attempt to push higher

The overall move higher continues, although indices have retreated from the peaks seen on Tuesday.

FTSE 100 breakout continues

The FTSE 100 hit a new higher high yesterday in its continuing breakout, but has fallen back overnight. The price has, for the time being, found support above 5570, but a continued positive view requires a move back above 5700.

Below 5570 a more neutral view emerges, targeting 5500. Further below this, the 5350 zone comes into play, which acted as support in late March and early April.

DAX pushes higher from overnight low

Most of the April gains are intact for the DAX, but we have seen some overnight weakness. However, the price is fighting to hold above 10,200 and also above the 50-hour simple moving average (SMA).

Fresh gains head towards 10,600, while a drop below 10,100 would begin to suggest a deeper retracement that might bring 9400 into view once again.

S&P 500 edges back from higher high

A fresh higher high in the ongoing push higher was recorded overnight for the S&P 500, and while the price is coming under pressure, it is still in an uptrend.

Any pullback that holds above 2450 is still a higher low and maintains the uptrend. Further gains target 2750 and higher.

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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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