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

Yesterday was a better day for markets, which has raised hopes that further gains are in store.

FTSE 100 looks for a change of pace

Yesterday marked a change from the losses sustained in the week thus far for the FTSE 100.

If the price can hold above 7200, then another challenge of 7300 could be in the offing, and 7391 above this. Support is possible around 7144 and then 6919.

DAX stumbles at resistance

DAX's attempt at pushing on from yesterday’s gains has run into trouble at the 12,550 area, as resistance kicks in around this level.

A move below 12,276 would break the pattern of higher lows seen since 6 February. Below 12,200, possible support remains at 12,051, 11,908 and then 11,692.

S&P 500 looks to maintain progress

The S&P 500 recovered slowly yesterday, but it has still to push on meaningfully beyond the 2730-2750 area.

Above here, 2877 would come back into play. Support remains around 2628, 2597 and then 2530.

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

This information/research prepared by IGA or IGA Group is intended for general circulation. 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 or 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. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.