CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

FTSE 100, DAX and Dow rally back towards key breakout levels

​​FTSE 100, DAX and Dow consolidate ahead of potential breakout set within wider uptrend.

FTSE 100 could start to reverse if resistance is not broken

The FTSE 100 has been trading around the 76.4% Fibonacci resistance level overnight, with the index showing signs of indecision around this key zone.

The recent support found on the 6041 swing low brings and end to the creation of higher lows, signalling the potential for this current rebound to fall short. As such, sentiment will be dictated by the ability to break throughout either 6244 (bullish) or the overnight low of 6158 (bearish).

DAX falls back into trendline support

The DAX has been consolidating overnight, with the drop into trendline support seemingly sending the index higher.

The rise back into the overnight peak signals a potential breakout coming into play, but it makes sense to await a rise through 11,942 to signal the potential beginning of another bullish surge.

Dow Jones consolidation looks likely to spark next leg higher

The Dow Jones has been in consolidation mode, with the index trading within a symmetrical triangle formation. The wider trend does still remain bullish, and thus there is a strong chance we will see the index break higher from here.

However, it makes sense to await a break through 25,514 to raise the likelihood of that bullish surge coming into play. Otherwise, a break below the 25,217 level would bring a more bearish picture into play.

This information has been prepared by IG, a trading name of IG Australia Pty Ltd. 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.

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 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

See more forex live prices


See more shares live prices


See more indices live prices

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.