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 finds its buyers
Yesterday’s dip to 6730 brought out the buyers, so for now it looks like we will see some near-term strength, especially with month-end looming. However, the price has broken firmly below 6800, and we will need to see a move above 6840 to reinvigorate the move higher.
A failure to cross above 6800 could see fresh selling develop, potentially taking the price back down to 6730, with a close below here opening the way to support at 6612.