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.
Will FTSE 100 rebound last?
The FTSE 100 rebounded back into the 7623 mark overnight, respecting the 7569 support level. Given the wider 7543-7706 range in place over the past month, there is a chance we could see another move lower to reach that 7543 level.
However, the key to whether we will break higher without reaching that support level is down to whether we see a break above 7623 or not. As such, a push below 7569 would point towards a short-term move into 7543 support, whereas a rally above 7623 would signal a return to a bullish short-term outlook.
.jpg)
