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 showing signs of another breakdown
The FTSE 100 has been gaining ground gradually overnight. However, just like the previous occasions, we have seen the price start to turn lower once more.
Given the short-term wedge formation, a sell-off looks likely, and as long as the price remains below 7804, a bearish short-term picture remains in play.
.jpg)
