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. See full non-independent research disclaimer and quarterly summary.
FTSE 100 aims for April high
Gains petered out just below 6300 at the end of last month, but a break higher through here would signal a rally towards the mid-April high around 6430. This is also the key 6430/6450 zone where gains faltered in October and early December last year, so over the longer-term a move above here would be regarded as very bullish.
The next real target on the way higher would be 6800. A break back below 6200 would invalidate the bullish outlook, and put the index back on course to test the 6060 support zone that has prevailed on the downside since late March.