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.

Levels to watch: FTSE 100, DAX and S&P 500

While markets are struggling in early trading, the overall move higher from last week remains intact.

FTSE 100 finds the strength to rally

FTSE 100 had a good week, rallying strongly off the lows and finishing the week on a strong note.

The price has enjoyed a sharp bounce, and further gains above 7370 head towards 7420, 7460 and then on to 7525. A move back below 7300 begins to suggest that a fresh downward move is on the cards.

DAX looks to build on strong week

A weaker euro and renewed risk appetite allowed DAX to shoot higher, breezing through recent lower highs seen over the past week.

A rally back above 12,300 would further reinforce the bullish view and leave the index on course to target the 12,450 highs from the beginning of the month.

S&P 500 rally falters

While last week did see a rally off the lows, S&P 500 was unable to hold the 2880/2890 highs from the latter part of the week.

A drop to 2850 found buyers, creating a fresh higher low, so now the index needs to push on back above 2890 to create a new higher high. A move below 2850 would impair the bullish view and bring 2810 and 2800 into view as possible support.

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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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