Market Update: CFD Indexes
Hi traders, today we take a look at CFD indexes, mainly focusing on key levels and current price action.
The ASX200 and JPN225 both continue to push a continuation pattern but buyers have key resistance levels to test and clear to maintain the current short-term and long-term trends.
The NDX100 hit new records overnight, and currently, the SPX500 is very close to testing its all-time high. Any further buying tonight should see the index break into new record territory that’s how close it is.
The GER30 and US30 are sitting around/on minor support but early trade action into London is weaker to flat. Buyers need to show some clear momentum if we’re to see new extensions higher.
Today we have OPEC meetings running all day and the FOMC Meeting Minutes are due for release early tomorrow morning at 04:00 am AEST.
Today’s Market Analysis Video