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FTSE 100, DAX 40 grind higher while Dow tries to recover from Wednesday’s low
FTSE 100, DAX 40 grind higher while Dow tries to recover from Wednesday’s low amid hopes of the US-led trade war softening.
FTSE 100 continues to grind higher
The FTSE 100 continues to grind higher and tries to overcome Wednesday's 8,278 high amid hopes of trade agreements with the US being made.
The 200-day simple moving average (SMA) at 8,342 remains in focus with the 8,327 early January high representing another possible upside target.
Last week's high at 8,178 acts as minor support. Below it lie Friday's high and Tuesday's low at 8,116.
DAX 40 continues its steady advance
The German DAX 40 index's steady advance is taking it towards last week's high at 21,530 while Wednesday's low at 20,950 underpins.
Below this level further minor support can be spotted around Friday's 20,909 high.
Above the 21,530 high seen last week lies the 21,802 late January high.
Dow Jones Industrial Average tries to hold above Wednesday’s low
The Dow Jones took another hit on Wednesday but tried to recover from yesterday's 39,394 low towards its April resistance line at 40,430. If overcome, the 9,14 and 15 April highs at 40,783-to-40,923 are expected to be revisited but are likely to, at least short-term, act as resistance.
A fall through Wednesday's 39,394 low would put the 7 April high at 39,217 on the map.
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