Levels to watch: FTSE 100, DAX and Dow

The DAX is breaking to new highs for the year, while the FTSE 100 is trying to clear trendline resistance. Meanwhile, the Dow is also looking to move back towards recent record highs.

FTSE 100 fighting to break resistance

Another day, another attempt to break above trendline resistance for the FTSE 100.

Rising support from the 11 April low has held prevented further downside, and a close above 7460 would ignite a move to 7560. A close below 7435 might suggest another test of 7380 is in the offing, with a close below this providing a more bearish view.

FTSE 100 chart

FTSE 100 chart

DAX pushes on above 12,000

The DAX has clocked up a new high for the year in early trading, pushing through the 12,030 high from last week.

The next target is 12,300, as the index hits trendline resistance from the January 2018 record high.

DAX chart

DAX chart

Dow rallying through recent highs

The price of the Dow Jones is back to within 40 points of the 26,470 area that marked the highs so far in April.

A breakout above here clears the way for a run towards 26,950 and the record highs. Rising trendline support from the 27 March low comes in around 26,250, so a dip towards here could find support. A bearish view requires a close below this trendline.

Dow Jones chart

Dow Jones chart


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