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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading 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.

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Index Focus - 13 March 2018

European equities are trading flat to offside, while US equities are guided sharply higher ahead of this afternoon’s key inflation data. UK traders are cautiously awaiting a Spring budget statement from Chancellor UK Hammond, likely to produce several consultations on areas ranging from tax to plastic, before undertaking any serious trading, while the German DAX settles after yesterday’s utilities M&A induced rally.

The FTSE 100 is flat as gains for GLEN/RIO (metals off lows, ANTO results) and RDSB/BP (oil flat), each adding at least 1pt to the index, offset the drag from BATS/IMB/ULVR/VOD/DGE (higher yields, bond proxies still being shunned), GSK (profit taking, 9-month falling highs resistance) and PRU (profit-taking ahead of results tomorrow).

The FTSE 100 is holding the breakout and bounce from 7187.  The DAX 30 uptrend has paused 12400-450. Dow Jones Futures have turned back from 25500 falling highs, however remain supported. Gold has bounced from the $1317 floor of its rising channel.

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Where next?
  1. Will the index fall towards lows of 7,100? or;
  2. Will the index rise towards highs of 7,340?

The FTSE 100 is holding the breakout and bounce from 7187.

Watch levels: Bullish 7,225, Bearish 7,187

Solid Green line
Possible support

Solid Red line
Possible resistance

  • Trend: Sideways
  • Potential support: 7187, 7160, 7126, 7100
  • Potential resistance: 7225, 7235, 7255, 7274, 7295, 7340

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 11,750 or;
  2. Will the index rise towards highs of 12,615?

The DAX 30 uptrend has paused 12400-450

Watch levels: Bullish 12,440; Bearish 12,390

Solid Green line
Possible support

Solid Red line
Possible resistance

  • Trend: Sideways
  • Potential support: 12410, 12390, 12360, 12320, 12290
  • Potential resistance: 12440, 12460, 12480, 12500, 12550, 12600

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 23,140? or;
  2. Will the index rise towards highs of 26,715?

Dow Jones Futures have turned back from 25500 falling highs, however remain supported around 25200.

  • Watch levels: Bullish 25,290, Bearish 25,240

Solid Green line
Possible support

Solid Red line
Possible resistance

  • Trend: Uptrend
  • Potential support: 25200, 25150, 25060, 24960, 24840, 24700, 24420
  • Potential resistance: 25280, 25300, 25400, 25410, 25445, 25500, 25580, 25650, 25825

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 $1,300? or;
  2. Will Gold rise towards highs of $1,341?

Gold has bounced from the $1317 floor of its rising channel.

  • Watch levels: Bullish $1320, Bearish $1317

Solid Green line
Possible support

Solid Red line
Possible resistance

  • Trend: Sideways
  • Potential support: 1318, 1315, 1313, 1310, 1304, 1300
  • Potential resistance: 1319, 1321, 1325, 1330, 1341

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

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This 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. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading 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.

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