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.
FTSE 100 stumbling slightly, but still up
The index has stumbled at 7300, having moved steadily higher at the end of last week. It is important to note that we could see the price move to 7220, and it would still be an uptrend off the lows of early February.
Additional support could be found at the 100-hour simple moving average (7234), and a bounce from here would suggest a return to 7300, with additional resistance at 7314 and 7360.