FTSE 100 looks to build on strong end to the week
Friday’s price action saw FTSE 100 push on above the crucial 7360 area, which had stymied progress for a number of sessions. Now the index needs to post a daily close back above 7448 to maintain its move higher.
Further targets at 7533, 7553, and then 7600 come into play. As the final weeks of the year begin, a strong pre-Christmas seasonal performance may help the index to keep on moving higher. A move back below 7350 is needed to invalidate the bullish outlook.