Levels to watch: FTSE 100, DAX and Dow

Indices have recovered from small losses yesterday, retaining the overall bullish trend.

FTSE 100 finds support from retreat

The FTSE 100 fell back yesterday, the first real pullback for several days, but has found support around 7190.

From here, 7250 is the next target, and then on to 7300 and 7340. A move back below 7190 brings 7057 into view.

DAX recovers from previous weakness

Steady gains continue here, with the DAX recuperating from its weakness yesterday afternoon.

A continuation of gains would bring 12,551 into view, and then on towards 12,742. Any sustained turn lower raises the possibility of a retest of 12,051, and then the lows of February below 12,000.

Dow continues rally

The recovery from the February lows continues for the Dow Jones, and while the index has dropped back from the 25,500 level, more gains may be in store, with 25,823 the next level to watch.

Drops towards 24,600 would likely see more buyers emerge, with the positive outlook retained unless the price drops below 24,200. 

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