Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and Dow

The broadly bullish outlook persists in indices, where the strong rallies for the FTSE 100 and the DAX continue. 

Video poster image

FTSE 100 maintains rise

The FTSE 100 continues its steady ascent, resuming the march higher that has seen it add 11% since the end of March.

Having moved above 7590, the price can now target the all-time high at 7796 once again. A move below 7300 is needed to change the outlook to a more bearish one.

DAX reaches level of support

The 12,954 level was an important zone of support back for the DAX in November and December, and with the price now at this level we may see some short-term weakness.

However, the strong bounce from the lows of late March remains intact, with a drop below 12,660 needed for a break of the rising trendline that has held since the beginning of April.

Dow continues heading higher

Having convincingly defended the 23,830 level last week, the Dow Jones has continued its ascent.

A move higher targets 24,850, and from here 25,298 and then 25,823 come into view. A close below 23,500 is needed to suggest that the sellers are back in control, and even then 23,112 could still provide support. 

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 IG 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 writer