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 could see 6945
The index has clawed its way off the lows of Monday’s session, but there is plenty of resistance in the short term. The 7194, 7210 and 7236 levels all stand in the way of further gains with the index needing a daily close above 7250 to indicate that a new leg higher is underway.
Bears need to push the price below 7130, which would open the way to 7020 and then 6945.