This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
FTSE 100 holds support but little else
While the FTSE 100 rebounded from the 6920 area yesterday, as it did two weeks ago, there has so far been no bullish momentum to maintain the advance.
Dips into the zone from 6920 to 6990 have been met by buying, so a daily close beneath the low is needed to suggest more weakness ahead. Over the past week, 7030 and 7130 have been areas where buying has run out of steam, so a push above here is needed to suggest the buyers are back in charge.
.jpg)
