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 looks to build on strong end to the week
Friday’s price action saw FTSE 100 push on above the crucial 7360 area, which had stymied progress for a number of sessions. Now the index needs to post a daily close back above 7448 to maintain its move higher.
Further targets at 7533, 7553, and then 7600 come into play. As the final weeks of the year begin, a strong pre-Christmas seasonal performance may help the index to keep on moving higher. A move back below 7350 is needed to invalidate the bullish outlook.