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 continues to extend recent bearish break
The FTSE 100 remains on a downward path, following the recent break below trendline and horizontal support.
We have seen the price move below the short-term intraday support this morning, raising the chance that we could see the selling gather pace. As such, a bearish outlook remains in play unless we push through 7761.