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. 70% 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. 70% 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.

Levels to watch: FTSE 100, DAX and Dow

Weakness across the FTSE 100, DAX and Dow raises the possibility of a pullback following recent gains.

IG Analyst

Publication date : 2018-07-19T09:20:06+0100

Video poster image

FTSE 100 showing signs of potential short-term weakness

The FTSE 100 has been struggling to break through the 76.4% retracement since initially looking like it was going to break towards the top of the range (7706).

This could still happen, yet with the price slowing in its ascent, there’s also a risk of a bearish move if we see an hourly close below the 7648 mark. A break above 7687 would signal a continuation of this upside, with trendline resistance and the range top up ahead.

FTSE 100 price chart

FTSE 100 price chart

FTSE 100 price chart

DAX pulling back amid recent ascent

The DAX has been weakening at the start of the day, in what could be the beginning of a pullback.

The index would likely begin to retrace some of the strong gains seen on Tuesday in the event that we see an hourly close below 12,702 support. Until then, the short-term uptrend remains intact.

DAX price chart

DAX price chart

DAX price chart

Dow falls towards notable near-term swing low

The Dow Jones is also turning lower, with the creation of higher lows coming into question with a possible break below 25,098.

Should that occur, we would be looking for a period of near-term weakness to come into play. But until we see that break below 25,098, a bullish reversal is still a possibility.

Dow Jones price chart

Dow Jones price chart

Dow Jones price chart

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.

Find articles by writer

The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. 70% of retail client accounts lose money when trading CFDs, with this investment provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.

CFD Accounts provided by IG International Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

IG provides an execution-only service. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for 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.

The information on this site is not directed at residents of the United States 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.

IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited.