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 providing mixed feelings
The FTSE continues to retreat from the 7390 area that it tested last week. If this marks a new lower high, then we look towards crucial support at 7260 as a potential area where buyers may look to re-enter.
A close below here would indicate that we could be on our way to 7194 and then 7130. Buyers need to push through 7390 and then post a daily close above the recent all-time high at 7448.