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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

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

After heavy losses last night, European markets are under pressure.

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FTSE 100 looks to move above 7144

The FTSE 100 continued to fall heavily last night, and while it fell below 7144 support, it is fighting to move back above that level this morning.

Further declines would bring 6979 and 6919 into view as possible support. A recovery continues to target 7300 and 7400.

DAX finds support at 12,051

Yesterday’s steep drop for the DAX carried the price back to support at 12,051.

A daily close below this level would find possible support at 11,908 and 11,692. Any rally would head back towards 12,551, 12,663 and then 12,742.

S&P 500 holds above support level

The price for S&P 500 found support around the 100-day simple moving average (SMA) of 2673, and continues to hold above it this morning.

A further drop would head towards 2628, 2596 and then 2530. A bounce will look to target 2728 and then 2789.

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