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.

FTSE 100, DAX and Dow continue to regain ground

​​FTSE 100, DAX and Dow push higher, with the Dow leading the way after breaking into a four-week high.

FTSE 100 pushes higher after respecting critical support

The FTSE 100 failed to break the 5574 support level yesterday, with the index rallying since. That level would have seen a bearish head and shoulders pattern formed, yet we are instead faced with the possibility of a bullish continuation move as the index heads towards a key area of resistance.

That resistance is worth considering as we push higher, with the descending trendline, alongside horizontal resistance at 5782 and 5828 providing key hurdles to overcome if we are to finally break from this period of consolidation. Until they are broken, there is always a risk that the bears will soon come back into play to maintain price within this two-week range.

DAX pushes back towards key resistance

The DAX similarly failed to break a key support level yesterday, with the index turning higher rather than break below the 10,098 support level. The subsequent gains have taken us closer towards the 10,592 resistance level, which would create a four-week high if broken.

Such a breakout would also provide us with a clue that the uptrend is set to continue despite the index having already recovered 43% of its declines. From a wider perspective, these gains seem unsustainable, with a wider bearish view expected to come back into play at some point. The question is when, and we have not seen such bearish signals come into play yet.

Dow breaks into fresh four-week high

The Dow Jones has managed to break through the 23,596 resistance level this morning, thus forming a fresh four-week high.

This breakout points towards a high likeliness of further upside to come, with the most recent swing low of 23,281 needing to break for us to start bringing about a bearish short-term outlook.


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. 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. See full non-independent research disclaimer.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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.