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.
Can the FTSE climb above 6300?
Yesterday saw the index move and close below the 6300 level, although the crucial 6250 area remains as support. Traders must now wait to see if the price can get back above 6300, or whether it is forming another lower high as part of the current downtrend. Any move through 6250 still suggests at least a move to 6204 and then 6161.