FTSE 100, DAX and Dow all begin to move higher

Major indices look to be moving higher, as buyers return to revive the equity rally.

FTSE 100 rallies from trendline support

The FTSE 100 continues to rally from the Sunday night low, with the bounce from trendline support firmly intact.

All eyes are on 7450, as a push above here would breach the previous lower high on the hourly chart. A higher low is now in place on the daily chart, maintaining the bullish impression. A reversal back below 7230 is needed to bolster the idea that more losses towards 7100 or 7000 are likely.

DAX bounces from support

The rebound continues for the DAX as well, with horizontal support at 12,950 coming into play. While daily stochastics and MACD have yet to give bullish crossovers, this seems likely to occur unless the price reverses back below 12,900.

Meanwhile, the price has moved through 13,150, identified yesterday as trendline resistance, although it must still move above 13,280 to clear the previous lower high.

Dow starts its next leg higher

A brief trip below the 50-day simple moving average (SMA) at 28,499 has come to an end for the Dow Jones, and the price is now rebounding, having found support around 28,200 for the second time in a month.

Further gains target the last all-time high at 29,410, although on the hourly chart the price still has to clear the 31 January lower high at 28,900. The more bullish view would be negated with a move back below 28,200.

IGA, may distribute information/research produced by its respective foreign affiliates 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.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. 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, and 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.

Please see important Research Disclaimer.

Trade on commodities

Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1

  • Wide range of popular and niche metals, energies and softs
  • Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
  • View continuous charting, backdated for up to five years

1In the case of all DFBs, there is a fixed expiry at some point in the future.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.