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 turning higher within gradual ascent
After setting another deep retracement overnight, the FTSE 100 is moving higher.
The index has been in recovery mode, and as long as the price remains above the 7179 mark, another leg higher looks likely from here. Look out for near-term resistance at 7312.