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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 S&P 500

It was a mixed session yesterday, but a late recovery for US markets helped to sustain a degree of bullishness into Friday morning.

IG Analyst

Publication date : 2018-06-01T09:19:33+0100

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FTSE 100 above 7700 once again

Early gains for the FTSE 100 yesterday were given back in the afternoon session, but a recovery in the US saw the futures push higher overnight, with a renewed move above 7700 this morning.

The next levels to watch come in at 7730, 7800 and then the all-time high at 7900. A dip back to 7650 may find support, while below this 7590 comes into view. A daily close below this is needed to reverse the bullish outlook.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX struggles with macro worries

Tariffs and the woes of Deutsche Bank hit the DAX yesterday, but again a dip towards 12,600 found buyers.

A continued push higher targets the Wednesday high at 12,833, then on to 12,954 and 13,200. A daily close below the week’s lows of 12,550 would signal more downside ahead.

DAX chart

DAX chart

DAX chart

S&P 500 back above 2700

The S&P 500 dropped back from 2730, but it posted a higher low at 2700, with this key level defended once again.

Above 2730 the index still has to contend with the 2740 area that remains as resistance. From here, 2800 is the next area to watch. A close below 2680 would cancel out the bullish view, and open the way to 2650, 2630 and 2600.

US 500 chart

US 500 chart

US 500 chart

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