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 clocks up fresh four-month low
The FTSE 100 fell to its lowest level in over four months yesterday, as the decline across European markets continued.
The next area of support is 7340, and then below this 7280 comes into play. A recovery above 7490 is needed to suggest near-term bullish pressure. Just 13% of the index is above its 20-day moving average, a reflection of the heavy losses of late, but when this reading gets to such a low point a near-term rebound is often at hand.
.jpg)
