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.
No sign of a FTSE 100 rally
7260 marked the limit of the FTSE’s rally yesterday, with the index hitting new 10-day lows during Thursday. An overnight consolidation has seen resistance at 7220 tested, but so far there is little sign of a rally developing.
Support is possible at 7181 and then 7157, with a bigger drop potentially taking the price on to 7000. A rally needs to clear 7260 and then move on above 7320.