CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Levels to watch: FTSE 100, DAX and Dow

Indices continue to find buyers, although there is some way to go before last week’s highs are retested.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-02-14T09:28:31+0000

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FTSE 100 eyes further gains

The index recovered from yesterday’s lows, suggesting further buying pressure for the FTSE 100.

But what has been notable over the past week has been the inability to move on above 7250. If that, and then 7300, can be breached, then we have the makings of a longer-term rally. As before, 7090 and 6919 are the support levels for now.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX rally hampered by strong euro

While the index continues to remain above its higher low from the beginning of this week, 12,400 has acted as strong resistance for DAX.

A move above here clears the way for a retest of 12,678, the highs from last week. Another fall would look to retest support at 11,909 and then 11,692.

DAX chart

DAX chart

DAX chart

Dow rally goes on

The recovery continues here, as the Dow Jones looks to push back towards 25,000.

The high from last Wednesday, 25,298, is the first level to watch, and above this the 26,705 level comes into play. Support in a downturn is possible at 23,831 and then 23,112.

Dow Jones chart

Dow Jones chart

Dow Jones chart

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