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FTSE 100 briefly breaks crucial swing high
The FTSE 100 joined many of the world markets in rallying sharply this morning, after rumours of a breakthrough between the US and China hit Twitter. This has since been rebuffed, causing the FTSE to turn lower.
However, that rally through 7059 highlights a potential bullish breakout in the not-so-distant future. For now, we are heading back towards the 7002 region of support. A break below that level would bring about a bearish near-term view, with a retracement of the rally from 6911 coming into play.