Levels to watch: FTSE 100, DAX and S&P 500

The week has begun with some gains for markets, after a modest recovery at the end of last week.

FTSE 100 stuck in a trading range

The price for the FTSE 100 has spent the last few days moving between support at 6980 and resistance at 7105.

Another push higher towards resistance seems likely, and then 7130 and 7180 come in as potential upside targets in the near term. Below 6980 the 6920 and 6840 areas come in as possible support.

DAX still encountering lower highs

The DAX has seen lower highs since 8 November, so a move above 11,500 is needed to break this bearish dynamic.

Dips towards 11,250 have found buyers, so until the price breaks below this area further downside seems unlikely.

S&P 500 aims for more gains

We saw an impressive recovery from the lows of the S&P 500 last week, and now the price must push on above 2750, which has acted as resistance over the past week.

From here the price would then target the 2815 area that halted further progress in both October and November.

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