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Key index levels: technicals for FTSE, DAX and Dow

A look at how three key indices are performing this morning.

All trading involves risk. Losses can exceed deposits.

FTSE attempts to break 200-DMA

The FTSE 100 has held on to the 6585 level, and has tried a test of the 200-DMA at 6623. A move through here targets the 6642 level, and then the 6680.

Any persistent dips through 6600/6585 could herald a return to 6550.

DAX bounces off 100-DMA

Yesterday’s selloff in the DAX caught a bounce at the 100-DMA: 9450. So this remains the key level to watch if the index is to push higher.

A move through 9530, preferably on a closing basis, would put us on a trajectory towards the 9570 level. The 9600 level is still the one to watch – only a close through here will negate the downtrend resistance from the January highs. A decline through 9451 puts the 9390 level in focus.

Dow finds support

The 50-DMA at 16,250/60 came to the rescue of the Dow Jones yesterday, and the index managed a bounce following its triple-digit losses. We may see a retracement to 16,350/60 today, being roughly half of yesterday’s declines and previous resistance.

Any selloff through the 50-DMA targets the 16,200 level then 16,170.

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