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. 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

The week has begun with some gains for markets, after a modest recovery at the end of last week.

Video poster image

FTSE 100 stuck in a trading range

The price for the FTSE 100 has spent the last few days moving between support at 6980 and resistance at 7105.

Another push higher towards resistance seems likely, and then 7130 and 7180 come in as potential upside targets in the near term. Below 6980 the 6920 and 6840 areas come in as possible support.

DAX still encountering lower highs

The DAX has seen lower highs since 8 November, so a move above 11,500 is needed to break this bearish dynamic.

Dips towards 11,250 have found buyers, so until the price breaks below this area further downside seems unlikely.

S&P 500 aims for more gains

We saw an impressive recovery from the lows of the S&P 500 last week, and now the price must push on above 2750, which has acted as resistance over the past week.

From here the price would then target the 2815 area that halted further progress in both October and November.

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