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 in a bullish mode
The FTSE 100 has begun the day above the descending trendline, potentially signaling a breakout. Dips back towards the trendline have been met by buying, so the next target to the upside is 7450. Above here 7533 and 7600 come into play.
As before, it needs a daily close below 7300 to negate the bullish outlook.