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 turning lower again
The FTSE has followed up a higher low with a lower high, thus providing a somewhat mixed picture for where to go next.
With this in mind, it makes sense to wait for an hourly close above 7260 (bullish) or below 7238 (bearish) for our next signal.