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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 S&P 500 futures stall without US assistance

Indices face a day of drift, as US volumes are out of the picture thanks to the Independence Day bank holiday.

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FTSE 100 still struggling around 6250

The FTSE 100 has lagged behind, stalled at 6250 for the past week. A break above here opens the way to 6320, and from there on to 6500.

Dips to the zone around 6050-6200 have found buyers, so a break below this is needed to revive the bearish view.

FTSE 100 chart Source: ProRealTime
FTSE 100 chart Source: ProRealTime

DAX clears recent resistance

The DAX price has managed to clear 12,600, putting it above the area of resistance around 12,500 that has persisted for the past three weeks.

Further gains target 12,900, while a drop back towards 12,300 may encounter trendline support and establish a higher low.

DAX chart Source: ProRealTime
DAX chart Source: ProRealTime

S&P 500 futures looking stronger

The breakout from trendline resistance that we saw on Wednesday has continued for the S&P 500. With the US cash market closed today for a bank holiday, there may not be much movement, but above 3160 the index will push on toward 3240.

The bullish view remains in place unless we see a reversal below 3060, which would bring 3000 into view.

S&P 500 chart Source: ProRealTime
S&P 500 chart Source: ProRealTime

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