The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.
FTSE eking out gains
The battle goes on here, with little gains for either side. Once again, 6350 held as support yesterday, and the continued refusal of the index to go lower suggests that the next move will be to the upside. As a result, 6450 and then 6490 are the key areas to watch in the short term, with a move through 6500 putting the index back above the July lows and paving the way for a move to 6668. Until 6300 breaks it is hard to get particularly bearish on the index.