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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​​FTSE 100 consolidates while DAX 40 slips and NASDAQ 100 loses volatility​​

​​​​FTSE 100 consolidates while DAX 40 slips and NASDAQ 100 loses volatility​​ ahead of the US Thanksgiving holiday.​

Trading charts Source: Adobe images

​​​FTSE 100 consolidates

​The FTSE 100 is gradually slipping from this week’s 8,319 high but seems to be supported by the 55-day simple moving average (SMA) at 8,231.

​Resistance above Monday’s 8,319 intraday high can be seen between the 8,326-to-8,372 mid-September, early and late October highs. This area is expected to once again cap.

​Good potential support below the 55-day SMA at 8,231 sits between the September to early October lows at 8,196-to-8,153.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 slips

​The German DAX 40 index continues to come off Monday’s 19,469 high as the threat of Trump tariffs hangs over the German automobile industry. The 55-day SMA at 19,196 may act as support ahead of the major 19,004-to-18,810 support zone. It consists of the late September-to-November lows and is the line in the sand for the medium-term trend.

​Resistance above the 14 November high at 19,308 is seen along the October-to-November downtrend line at 19,341.

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​NASDAQ 100 side-lined ahead of Thanksgiving

​The NASDAQ 100 is experiencing a loss of volatility ahead of the Thanksgiving holiday with Monday’s high at 21,003 acting as the first resistance marker. If overcome, the current November record high at 21,233 would be in focus.

​Minor support can be seen around the 19 to 20 November highs at 20,744-to-20,753. If slipped through, the August-to-November uptrend line at 20,530 may be revisited.

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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