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 continues to regain ground
The FTSE 100 has been regaining ground over the past few trading days, with the price rebounding from the crucial 7489 level. With the wider range topping out between the 7706 and 7796 level, there is a good chance we will continue to regain ground over the near term.
The fact that we dropped into the 7489 level does raise the potential for a breakdown for the index. However, as long as we do not break back below that support level, there is a good chance of further upside over the near term.
.jpg)
