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 100 looks to make gains
The index took a look at the area below the rising September trendline, but a swift bounce in the second-half of the day meant that this level is holding for now, with a good attempt by buyers to reverse the bearish momentum of the previous three sessions.
If the price can get back above 7050 then a more optimistic view might prevail. However, a failure to get back above this level would likely send the index back to 6980 and then through the trendline to 6950.