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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. 

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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. 

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