FTSE 100’s overnight bounce fades
The bulls will be relieved to see FTSE 100 hold 7360, but the overnight bounce has seen some selling. However, with breadth recovering after days of declines, we may see the index slowly recover likewise.
A move above 7409 is the first step, and then on to 7427. A loss of 7360 would suggest that the 7294, and then 7260 areas, are going to be tested.