This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
FTSE 100 with a definitive month ahead
Both bulls and bears are waiting to see whether FTSE 100 can take out the 7294 level. This key area of resistance, previously an area of support, will define the outlook for the index heading into October.
A push above this level targets 7320 and then on to 7450, the big resistance level of August. Meanwhile, a drop back below the lows of last Friday at 7194 would suggest a test of 7187 and then 7090.