FTSE 100 continues its rebound
The FTSE 100 saw a healthy rebound yesterday, building on the gains from earlier in the week. While this is certainly welcome for the bulls, the price is still struggling around 7080.
A close above this level, which has marked the limit of gains over the past few sessions, would send a signal that the buyers are in control. Dips below 7000 have continued to find buyers, so any weakness may see fresh support around here. Above 7080, 7127 and then 7200 are upside targets.