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 continues to gain
The FTSE has remained within its uptrend with the price managing to break through 7556 resistance yesterday, albeit temporarily.
The current rising wedge pattern points towards the potential for this market to pull back soon. Yet, until we see a break below the first swing low (7496), it seems likely we will see further upside.