​​FTSE 100, DAX 40 and Nasdaq 100 Remain Under Pressure

FTSE 100, DAX 40, Nasdaq 100 Daily Prices, Analysis and Charts

​​​FTSE 100 on track for fourth day of losses

​​The FTSE 100 remains under pressure due to heightened tensions in the Middle East and weighs on its February-to-April uptrend line at 7,802. A fall through it and Monday’s 7,794 low would have the 7,786 mid-March high in its sights. Further potential support can be spotted between the 7,750 to 7,710 February highs.

​Minor resistance sits at the early April 7,856 low.

FTSE 100 Daily Chart

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​DAX 40 on track for seventh day of losses

​The DAX 40 slid to a five-week low at 17,711 on Tuesday amid the Iran/Israel conflict, close to the 55-day simple moving average (SMA) at 17,686 which may offer support. If not, the 7 March low at 17,619 may do so. ​Minor resistance can be found at Friday’s 17,831 low.

For the bulls to even short-term be in control a bullish reversal and rise above Tuesday’s high at 17,903 needs to be seen.

DAX 40 Daily Chart

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​Nasdaq 100 trades at near two-month lows

​The Nasdaq 100’s sharp fall to 17,630 on Monday, despite a minor bounce on Tuesday, is being followed by a slip toward the 17,600 area amid comments by Fed Chair Jerome Powell that rates need to stay higher for longer as US inflation remains sticky. ​Another possible downside target is the 17,477 mid-February low.

​Resistance sits in the 17,762 to 17,790 area which consists of the late February and mid-March lows.

Nasdaq 100 Daily Chart