FTSE 100 off the lows but still under pressure
The FTSE 100 continues to rally off the lows from last week, although it remains firmly within the current downtrend. Targets are to be found around 7025, 7061 and then 7105.
If the index turns lower, 6919 and then 6841 become possible support. The strong recovery from the lows suggests a short-term bottom has been reached, but a move above 7200 is needed to suggest a broader rally is taking place.