IAGs share price has consolidated over the last few weeks and is now testing support below.

IAG's (International Consolidated Airlines) share price has moved lower over the last few weeks and now tests support at 145p/147p region. A further drop below here could take IAG towards 129 (50 SMA), Towards the upside, resistance above sits at 172p. A break above here could see IAG aim for 221p over the coming year, representing a good return. Fundemannly demand is strong for air travel after the pandemic and oil prices are stabilising at current levels suggesting less volatility in air travel costs, meaning IAG and other airlines can start to budget better.