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 CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Levels to watch: FTSE 100, DAX and Dow

The FTSE 100 and Dow have shown signs of a potential impending period of downside. However, with markets still within uptrends, the bullish picture still remains.

FTSE 100 declining towards key breakdown level

The FTSE 100 looks set to turn lower again, following a rebound after the close on Friday.

The decline seen over the past week has brought the index back towards the crucial 7382 support level. A drop below there would signal the beginning of a wider bearish phase for the FTSE 100. On the flipside, a rise above 7458 would bring about a more bullish outlook for the coming days.

DAX uptrend remains intact despite slowing gains

The DAX has been climbing higher over the past fortnight, with the uptrend continuing to persist into the end of last week.

The ability to break through the 12,354 peak will be key in continuing this uptrend. A bearish picture only starts to emerge with a fall below 12,236 and 12,181.

Last week’s Dow drop raises questions

The Dow has been rising off the back of a breakdown on Thursday, which took the index back to the 26,310 support level. That creation of flatlining lows provides us with a warning sign of a potential breakdown to come.

As such, watch for a possible turn lower from here, with a bullish continuation signal coming with a rise through 26,700. A bearish phase only emerges with a fall back below 26,310.

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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