Levels to watch: FTSE 100, DAX and Dow

Risk appetite is recovering after losses yesterday, with the Dow in particular holding a key trendline. 

FTSE 100 pushes through lows

The FTSE 100 has recovered from overnight lows around 7100, and is aiming for another push towards 7250.

A higher low has been created, and it would need a close below 7100 to negate the rising trend.

DAX creates new higher low

The move off the lows of early March continues, even if it has been heavy going for DAX over the past 48 hours.

Still, a higher low was created yesterday, and for the time being the trend here remains intact. A move below 12,110 would dent this idea, and raise the possibility of a move back towards 11,900.

Dow holds above February lows

The Dow Jones continues to hold the rising trendline from the lows of early February, with the previous bounce off this line generating a 1200-point move in short order.

If the trend continues to hold, we look for a push back to 25,600 and then 25,800. A turn back below 24,600 negates this bullish outlook. 

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

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