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.

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

US markets remain on the up, but trade tensions are once again hitting the DAX. 

Video poster image

FTSE 100 stalled below 7700

The general upward drift in the FTSE 100 continues, as the rebound from Thursday’s low showed, but a push above 7700 continues to elude the index.

Back above 7630, the index will target 7700 and then on to 7800. A break below 7550 would bring 7489 into play.

DAX falters in early trading

The rebound ran out of steam around 12,650, and now a move lower suggests another test of 12,477 may be in play for DAX.

A recovery above 12,650 would suggest another attempt to clear 12,900 and move on to challenge trendline resistance from the January all-time high.

S&P 500 eyes up fresh gains

A solid bounce from 2790 leaves the S&P 500 on course to challenge 2850 and then on to 2877 and the all-time high.

Below 2790, the 2760 area comes into play as possible support. 

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