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Levels to watch: FTSE 100, DAX and Dow

Indices have returned to their winning ways, with Europe helped by a drop in the euro.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-01-09T09:28:30+0000

DAX

Source: Bloomberg

FTSE 100 holds on near highs

The FTSE 100 continues to hold above the 7705 level, with the all-time high of 7732 still the only resistance level left.

A deeper pullback targets 7600, and then 7550.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX targets 13,400

DAX dropped back yesterday, but a weakening euro and dip buyers have allowed it to recover lost ground.

Buyers have entered at the 13,350 area, with a push through the highs of Monday opening the way to 13,533.

DAX chart

DAX chart

DAX chart

Dow presses ever higher

Yet more record highs have been seen here for Dow Jones, and we should expect this trend to continue.

As with the S&P 500, there has been little in the way of a pullback, and if one does materialise we have plenty of support, including 24,899, 24,545 and 24,038 to start with.

Dow Jones chart

Dow Jones chart

Dow Jones chart

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