Indices seek to recover after losses
European markets are making headway in the early part of the session, while US futures are also picking up following the drops earlier in the week.
FTSE 100
FTSE 100 price action yesterday and so far today has seen the price bounce as it approaches 6900, as buyers step in following the pullback from the arguably-overextended 7150 level. If this area, and 6860, can continue to hold, a new low may develop and a fresh push higher will result. Further declines below 6860 open the way to the 100-day SMA at 6742.
DAX
The price has bounced from the 50-day SMA, and as with the FTSE 100 a zone of buying has developed, around 15,000 in the case of this index. Continued defence of this level opens up the possibility of a renewed bounce towards 15,400 and higher. Conversely, a loss of 14,900 and then 14,800 clears the way for a bigger drop towards 14,300.
S&P 500
Losses towards 4100 for this index have been stemmed for the time being, so sellers will need to drive the price on below here to retain the advantage. Below this the 50-day SMA (currently 4057) hoves into view, and previous pullbacks this year have found support at or around this indicator.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.