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 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 could see all-time highs
While bulls can feel satisfied that they have finally managed to get the price back above the 50-day simple moving average (SMA) - 6894 - the price has run right into resistance seen on 9 November, around 6940.
A failure to push on here may lead to some short-term weakness, perhaps back down to 6880 or 6840. A daily close above 6940 suggests a move to 7006 and then on to the all-time highs of 7134.