Skip to content

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.

English
No results found

View more search results

1 2 3 4 5 6 7 8 9 10
Related search: Market Data
Market Data Type of market
See all Market data search results >
Established 1974 313 000+ clients worldwide 17 000+ markets

Levels to watch: FTSE 100, DAX and Dow

Further comments from Donald Trump pushed the indices lower once more, with the FTSE 100 breaking a key support level. With strength coming into play this morning, could we be due another leg lower?

IG Analyst

Publication date : 2017-08-11T08:54:12+0100

The City of London
Source: Bloomberg

FTSE 100 drops below key support

The FTSE 100 has continued to suffer, with the risk-off sentiment ramped up once more thanks to Donald Trump. Now that we have seen the price break below the 7341 mark, this has bearish implications going forward. This now paints any rallies as something to be sold into.

The current bounce we are seeing on the hourly chart is moving back towards that 7341 resistance level, which would look like an area for the sellers to come back into. A bearish outlook is now in play unless we see the price break above 7354.

FTSE chart

FTSE chart

FTSE chart

DAX pushing higher from key support

The DAX is rebounding from the crucial 11,941 region, coming off the back of a particularly strong downside move for the index. Given the size of the move into this bounce, there is a large amount of ground to make up, even if this is just a retracement of the move from 12,338.

As such, while further losses could be around the corner, there is a good chance we could see an extended bounce for the near term.

DAX chart

DAX chart

DAX chart

Dow rebound points towards trendline resistance

The Dow Jones is bouncing off the back of a sharp sell-off yesterday. This points towards the potential for a period of strength this morning. However, it is worth noting that unless we break above 21,968, it is likely that further selling could be around the corner.

Look towards the confluence of the 61.8% retracement (currently 21,914) and trendline resistance as a potential point of reversal.

Dow Jones chart

Dow Jones chart

Dow Jones 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

Markets

Forex

Indices

Shares

Commodities

CFD trading

Our charges

Premium services

Institutional clients

Trading platforms

Web platform

Trading apps

Advanced platforms

Compare features

Market insight

News and analysis

Contact us

New client: +41 58 810 77 42

Clients: +41 58 810 77 02

Corporate governance

WhatsApp: Click here

IG | Sitemap | Terms and agreements | Privacy | Cookies | About IG

Follow us online:

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.

TOP PARTNER

IG ClacUP Logo

© 2003 – 2023

IG Group | Careers