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 getting ready for another run higher?
The index has been stuck in consolidation mode for over a week, with a push towards 7320 fizzling out, but no sign of a real move lower.
The price has drifted through the rising trendline that held from 2-21 February, but support at 7260 is still to be tested. If the price can move back above 7300, it may be that a run to 7320 and higher is in the offing.