FTSE 100 attempts to rebound after losses
There has been little consolation for the bulls over the past few days, but a recovery above the 7460 area for the FTSE 100 would be encouraging.
Ideally, a daily close above 7490 would provide further reassurance, suggesting a return to the range-bound trade of June and August. However, we have seen lower highs since May, so even a rebound towards 7700 would still be a possible selling opportunity. Further declines will target 7340.