Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

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

Indices have fallen this morning, denting some of Friday’s nascent bullishness. 

FTSE 100 edges back from Friday’s highs

The FTSE 100 leapt higher on Friday, and is still holding on to most of those gains despite weakness so far today.

A close below 7530 would be a negative development, opening the way to 7340. Further gains will target the downtrend line from the all-time highs of May, which would suggest resistance coming into play around 7720.

DAX fighting to hold support

The DAX is struggling to push higher from 12,450.

A move below 12,400 could signal a move lower that will see more of the post-March gains given back. If 12,450 holds, then a move back towards 12,954 could be possible. Near-term resistance levels to watch are 12,605 and 12,777.

S&P 500 continues to edge lower

Last week’s low at 2732 is the first area to watch for support for the S&P 500.

A break below here would raise the prospect of a move towards 2676. Short-term areas to watch are 2765 and then 2781 as possible resistance. 

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.

Find articles by writer