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 looks to clear 7300
Last week saw the FTSE 100 price fall back from the 7300 area, but a recovery began on Thursday. With a stronger open in the US expected, we look to see if the index can make another attempt to clear 7300.
Overall, the push higher is intact, with higher lows so far being seen (the last being Thursday’s at 7186). Above 7300, the 7400 area is the next one to watch. The possible areas of support remain at 7144, and then 7000 and 6919.
.jpg)
