Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

FTSE 100, DAX and Dow gains bring potential bullish phase

FTSE 100, DAX and Dow gains point towards a potential impending period of upside for stocks.

Video poster image

FTSE 100 gains bring resistance level back into focus

The FTSE 100 has turned higher once again following a sharp pullback into the 200 simple moving average (SMA) support yesterday (four-hour). With the price heading towards the 6324 level, there is still a chance we will see the index continue its consolidation phase unless we see that resistance level broken.

As such, a break through 6324 is required to bring about a fresh bullish outlook. Until then, there is still a possibility we will see the index consolidate within 6227 and 6324 as we await the breakout.

FTSE 100 chart Source: ProRealTime
FTSE 100 chart Source: ProRealTime

DAX surges higher overnight amid EU stimulus deal

An apparent breakthrough on the EU stimulus package has helped drive the DAX into a fresh five-month high.

With the index having broken through the key 12,938 resistance level last week, there is a good chance we will see further gains as long as the EU package doesn’t falter. The four-hour chart highlights this recent leg higher, with a bullish outlook in play unless we see a break back below the 12,807 level.

DAX chart Source: ProRealTime
DAX chart Source: ProRealTime

Dow Jones rise brings about fresh bullish signal

The Dow has broken through 26,837 following a decline into the 61.8% Fibonacci support level last week.

The subsequent rally through that initial swing high resistance point brings a fresh bullish signal within a wider upward trend that has been playing out over the past month. As such, further upside does look likely from here, with a break below the 25,997 level required to negate this positive bias.

Dow chart Source: ProRealTime
Dow chart Source: ProRealTime

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing
Find out more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

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.