Levels to watch: FTSE 100, DAX and Dow

Stock markets remain in solid uptrends, with US markets now closing in on all-time highs.

FTSE 100 still pushing higher

The grind higher here has slowed but the FTSE 100 has still recorded new highs for the year.

Further gains target 7560 and 7640, while rising trendline support from the 12 March low at 7080 comes into play around 7370.

FTSE 100 chart

FTSE 100 chart

DAX eyes up trendline resistance

DAX has almost reached trendline resistance from the January 2018 highs, and a breakout above here then targets 12,400.

Pullbacks have been shallow here over the past week, but a drop back towards 11,800 would still likely see fresh buying pressure emerge.

DAX chart

DAX chart

Dow closes in on new highs

Another 1.5% gain will see the Dow Jones move back to the all-time highs of October.

Recent gains have been supported by rising trendline support from the 27 March low, while a rally above 26,400 would open the way to fresh gains.

Dow Jones chart

Dow Jones chart


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