FTSE 100, DAX and Dow expected to rise after bullish breaks

​FTSE 100, DAX and Dow have all broken through key resistance, with further upside to come.

FTSE 100 heading higher after recent breakout

The FTSE 100 has been grinding higher over recent days, bringing the price back into the highest level in almost three weeks.

The recent break through 7231 provides a bullish signal, negating the formation of lower highs seen throughout the past month. Thus, further upside does look likely from here, with the next hurdle coming at 7305.

DAX pushing upwards following bullish break

The DAX also managed to break through key resistance, although this market is more advanced in that move having taken out both 11,854 and 11,862 peaks.

The price is starting to turn higher once again following weakness into the Friday close, with the recent uptrend expected to continue. With that in mind, it is worthwhile watching out for another surge from here, with a break below 11,844 required to bring questions to the short-term picture.

Dow pullback unlikely to last

The Dow Jones also saw some weakness to end the week, coming off the back of a key breakout through 26,379 and 26,426 swing highs.

That breakout points towards further upside to come, with this recent pullback looking like a precursor to further gains. Given the potential for another wider retracement, it may make sense to watch out for a break through 26,551 to provide a signal that we are going to push higher from here.

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.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired

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

liveprices.javascriptrequired

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.