FTSE 100, DAX and Dow rallying towards key resistance

The FTSE 100, DAX and Dow have all continued to push higher after recent consolidation.

FTSE 100 pushing towards key resistance level

The FTSE 100 continues to gain ground following a week where the price managed to rise through the 76.4% Fibonacci retracement level to bring about a potential bullish reversal.

A break through the 7338 swing high would serve to raise confidence that this current upside is set to continue. Should that occur, we would be looking at a significant period of upside throughout much of the week.

DAX rallies from support once more

The DAX yet again held up at the 13,142 support level yesterday, with the price failing to bring the bearish signal that would come with such a break.

Instead we have seen the recent range continue, with the price moving back towards resistance around 13,277. Ultimately, we do still remain within the range that has been playing out over much of November thus far. With that in mind, we would need to see a break through the 13,303 region to bring about a new bullish breakout signal.

Dow rallies back into prior record highs

Declines in the Dow Jones proved short-lived, with the index rallying back into the crucial 28,089 resistance level this morning.

That resistance level represents the record high, with a break through this level providing a continuation signal for the ongoing uptrend. As such, the bullish trend remains in play, where the reaction to this resistance point will provide us with an idea of how the short-term picture will play out.

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

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.