FTSE 100 builds on gains of yesterday
Yesterday saw another strong day of gains for the FTSE 100, with the index having rallied by around 2% since the lows of Wednesday.
While there is some early weakness this morning, the steady recovery goes on. It would need a move below 7120 to create a short-term lower low and break the move upward from the 7070 level that has been in place this week. Further gains will target 7300 and then 7400.