Getting latest data loading
Home / Index Focus / Index Focus
Leveraged products involve a high level of risk and you can lose more than your original investment.

They are not suitable for everyone so please ensure you understand the risks involved and if necessary please obtain investment advice from a financial adviser before investing. This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Index Focus - 5 August 2016

Equities are positive this morning as a modicum of trust in central banks’ willingness to intervene returns to the markets. Asia exposure and a weak GBP are boosting those stocks lucky enough to benefit from either or both – think miners, oil majors and a select group of major defensives – and sees them contributing most to the FTSE100 in terms of points. At the other end we’ve got a mix of those banks unlucky enough to have seen their shares impacted negatively post-results (it’s a 50/50 punt if you’re trading with banks these days), retailers and stocks that are simply selling back from recent highs.

The FTSE 100 has tested the ceiling of what could be a new 170pt trading range, with its hourly RSI hanging around in or near overbought territory. The DAX 30 has also tested resistance which could lead to a double top reversal, especially if the Euro strengthens off the back of a weaker Sterling. Dow Jones futures are in a rising channel with a pop above its current level 18383 likely to please bulls. Gold is a little weaker despite a slightly weaker USD this morning.

Click below to expand sections

Where next?
  1. Will the index fall towards lows of 6620? or;
  2. Will the index rise back above highs of 6780?

The FTSE 100 is consolidating into a new trading range as it sells back fromearlier highs just north of 6780. The RSI has fallen back strongly form overbought.

Watch levels: Bullish 6765, Bearish 6730

Solid Green line
Possible support

Solid Red line
Possible resistance

FTSE 100 Cash (-)

  • Trend: Sideways
  • Potential support: 6747, 6740, 6720, 6700, 6687, 6683
  • Potential resistance: 6755, 6770, 6780

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will the index fall towards lows of 10100? or;
  2. Will the index rise towards highs of 10475?

The DAX 30 is breaking down out of a 2 day rising channel and testing support at the 100-period moving average. Note resistance at a falling trend line potentially causing a correction back to the lows of 10,100.

Watch levels: Bullish 10290, Bearish 10200

Solid Green line
Possible support

Solid Red line
Possible resistance

Germany 30 Cash (-)

  • Trend: Sideways
  • Potential support: 10211, 10180, 10161, 10122, 10100, 10092
  • Potential resistance: 10258, 10275, 10287, 10300

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will the index rise towards highs of 18520? or;
  2. Will the index fall towards lows of 18246?

Wall Street/Dow Jones futures are supported around 18360 and a bullish convergence of the 200- and 50-period moving averages. Resistance at 18400 needs to be bettered if a return to the week’s highs is to be considered a possibility.

Watch levels: Bullish 18410, Bearish 18335

Solid Green line
Possible support

Solid Red line
Possible resistance

Wall Street Cash (-)

  • Trend: Sideways
  • Potential support: 18360, 18343, 18324, 18300, 18280, 18260, 18245
  • Potential resistance: 18380, 18400, 18445, 18470, 18520

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will Gold fall towards lows of $1350? or;
  2. Will Gold rise towards highs of $1367?

Gold in a narrowing range with support above the major moving averages.

Watch levels: Bullish $1366, Bearish $1356

Solid Green line
Possible support

Solid Red line
Possible resistance

Spot Gold (-)

  • Trend: Uptrend
  • Potential support: 1362, 1360, 1359, 1357, 1355, 1350
  • Potential resistance: 1364, 1365, 1366, 1367

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Back to Top

Our research is produced by Accendo Markets Limited.Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. Accendo Markets research has not been prepared in accordance with legal requirements designed to promote its independence and may not comply with FCA guidelines to prevent conflicts of interest and is not subject to any prohibition on dealing ahead of the dissemination of research. As such, this research does not constitute a personal recommendation or offer to enter into a transaction or an and is produced and distributed for information purposes only. Accendo Markets considers information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Analyst

CFDs, spreadbetting and spot FX are leveraged products & can result in losses exceeding your initial deposit. They are not suitable for everyone, so please ensure that you understand the risks.
The value of shares can go down as well as up, so you could get back less than you invest.

Telephone calls and online chat conversations may be monitored and recorded for regulatory and training purposes.

* We provide these as underlying assets to CFDs and Spreadbets.

To view our policies and terms, please click here

This website is not intended for or directed at residents of the United States or any country outside the UK. It is not intended for use by or distribution to any person in any jurisdiction or country where its use or distribution would contravene any regulation or local law.
Prices on this page are delayed.

Like many websites, we use cookies for statistical purposes and to acquire information on general internet use. This helps ensure that you get the full benefit of our services, and enhances your browsing experience . For more details on the cookies we use, view our privacy policy under the heading 'How We Use Cookies'. By using this website, we'll assume that you're happy to receive all cookies from Accendo Markets.
Removing cookies may impede the operation of some parts of this website. For general information about cookies and how to remove them, please click here 

Accendo Markets Ltd - 1 Alie Street, London, E1 8DE (UK) Telephone: 020 3051 7461 - Accendo Markets Ltd. is Authorised and Regulated by the Financial Conduct Authority (FCA) No. 475285. Accendo Markets Ltd. Registered in England and Wales No. 6417051. © Copyright Accendo Markets Ltd 2015. All rights reserved.