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 back into trendline support
The FTSE 100 has been hitting new record highs this week, with the price fleetingly creating another high this morning. However, we are now seeing the price fall back into trendline support, with buyers likely to step in once more soon enough.
A short-term move lower would be seen as a potential buying opportunity, as long as the price does not fall below 7581.