FTSE 100 enjoys a good run
The index has steadily climbed for the past week, but the 7300 and 7400 levels are still the ones to watch for the FTSE 100.
In the near term, 7326 and 7340 are the key resistance areas. Buying has been solid during recent sell-offs, but with overbought readings on the one- and four-hourly charts, some immediate indecision is to be expected. Still, the short-term trend is up, with 7189 being the most recent higher low.