FTSE seeks to break Friday’s high
As on Friday, the index bounced yesterday at 6940. This clear indication of support has allowed the index to rally, but it now needs to break Friday’s high at 7050, to establish a new high and create the conditions for a potential uptrend.
If we do move on through 7050 then we would look towards the peak at 7130. A fall today would test 6940 and then potentially head on towards 6800.