FTSE 100 on course to test 7130
It is as if yesterday didn’t even happen. The November dip came and went in the space of hours, with the index now firmly on course to test 7130.
During October, 6940 provided support, and it may do so again, particularly with the price overbought on an intraday chart. The 50-day simple moving average (SMA) at 6904 could also act as support.