Levels to watch: FTSE 100, DAX and Dow

The DAX is breaking to new highs for the year, while the FTSE 100 is trying to clear trendline resistance. Meanwhile, the Dow is also looking to move back towards recent record highs.

FTSE 100 fighting to break resistance

Another day, another attempt to break above trendline resistance for the FTSE 100.

Rising support from the 11 April low has held prevented further downside, and a close above 7460 would ignite a move to 7560. A close below 7435 might suggest another test of 7380 is in the offing, with a close below this providing a more bearish view.

FTSE 100 chart

FTSE 100 chart

DAX pushes on above 12,000

The DAX has clocked up a new high for the year in early trading, pushing through the 12,030 high from last week.

The next target is 12,300, as the index hits trendline resistance from the January 2018 record high.

DAX chart

DAX chart

Dow rallying through recent highs

The price of the Dow Jones is back to within 40 points of the 26,470 area that marked the highs so far in April.

A breakout above here clears the way for a run towards 26,950 and the record highs. Rising trendline support from the 27 March low comes in around 26,250, so a dip towards here could find support. A bearish view requires a close below this trendline.

Dow Jones chart

Dow Jones chart


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.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 30
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

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.

All trading involves risk and losses can exceed deposits. Trading CFDs may not be suitable for everyone so please ensure that you fully understand the risks involved. All trading involves risk and losses can exceed deposits.