FTSE breaks to new highs
The FTSE 100 has charged higher this morning, breaking through the key 7244 resistance level. We are seeing the index pull back now, yet this simply gives us another bite at the cherry for longs.
Of particular interest is the 7244 level, which represents not only the 50% retracement, but also the previous highs. As such, a bullish outlook remains in play, with a break below 7223 required to negate this view.