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 looks to break bearish trend
The FTSE 100 needs to push on towards 6300 and clear Friday’s highs to reverse the current bearish path. A failure to build on Friday’s gains would suggest the index will continue to move lower, through possible support at 6238 and then on towards 6161. A move up through 6300 would then head towards resistance around 6340 and 6390.