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.
Small gains so far this morning mean that the rally since 24 June remains intact for the index, although we have yet to see a significant push above 6600.
A close above here would head towards the August 2015 high around 6770, and then from here the next move is to 6815 and the July high. So far downward momentum has run out of steam around 6440, so if this is broken the next area to watch would be 6300.