FTSE 100 still struggling below 7720
The FTSE 100 mounted an attempt to push through the 7720 resistance zone, but it fell back in the overnight session. A further drift lower this morning indicates that this area is still proving troublesome.
However, a short-term rising trendline from the 16 July lows around 7564 could see support hold up the price. A close below 7620 would negate this and suggest a move back towards 7560. A push above 7740 is needed to finally break the resistance zone and open the way to 7800 and 7900.