Key index levels: technicals for FTSE, DAX and Dow

A look at how three key indices are performing this morning.

FTSE attempts to break 200-DMA

The FTSE 100 has held on to the 6585 level, and has tried a test of the 200-DMA at 6623. A move through here targets the 6642 level, and then the 6680.

Any persistent dips through 6600/6585 could herald a return to 6550.

DAX bounces off 100-DMA

Yesterday’s selloff in the DAX caught a bounce at the 100-DMA: 9450. So this remains the key level to watch if the index is to push higher.

A move through 9530, preferably on a closing basis, would put us on a trajectory towards the 9570 level. The 9600 level is still the one to watch – only a close through here will negate the downtrend resistance from the January highs. A decline through 9451 puts the 9390 level in focus.

Dow finds support

The 50-DMA at 16,250/60 came to the rescue of the Dow Jones yesterday, and the index managed a bounce following its triple-digit losses. We may see a retracement to 16,350/60 today, being roughly half of yesterday’s declines and previous resistance.

Any selloff through the 50-DMA targets the 16,200 level then 16,170.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by analysts