FTSE 100 target ‘below 4,500’

Paul Rodriguez from ThinkTrading.com says the indices are looking weak technically. He tells IG that he is an ‘ultra bear’ and has a personal target of ‘below 4,500’ for the FTSE 100 if it takes out the Black Monday low of 5,800.

Trade now

Live GBP/USD | GBP/EUR prices

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.