CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

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

Indices have weakened slightly, but the overall move higher remains intact.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-04-20T10:00:27+0100

Video poster image

FTSE 100 clambers above 7340

The FTSE 100 continues to edge through the 7340 zone of resistance, last tested back in late February.

Above here, 7391 comes into play, and from there the outlook would be more bullish. It would take a turn back below 7200 to really suggest the sellers are back in control.

FTSE 100 price chart

FTSE 100 price chart

FTSE 100 price chart

DAX stumbles below 12,600

The DAX has faltered around 12,600 for the time being, but the outlook remains bullish.

A resurgence of upward momentum would target 12,600 and then 12,673, the 200-day simple moving average (SMA). Above here, 12,742 is the next target. A move below 12,400 would be a bearish development in the short term.

DAX price chart

DAX price chart

DAX price chart

S&P 500 rally still intact

We have finally seen some weakness here for the S&P 500, but the uptrend is still intact.

The next target is 2740, the downtrend line from the record highs. While near-term support would be found at 2647.

S&P 500 price chart

S&P 500 price chart

S&P 500 price chart

The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.

Find an article

Find articles by writer

CFDS are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

This website is owned and operated by IG Bank S.A. Registered address at 42 Rue du Rhone, 1204 Geneva, authorised and regulated by FINMA.

The information on this site is not directed at residents of the United States and Belgium, or any particular country outside Switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.