FTSE 100 fights to hold 7300
Yesterday saw the FTSE 100 try to push on above 7360, but fail once again. Now we look to see if the 7300 area can hold as it did last Friday. If so, then we have an index stuck in the 7300-7360 range, with the next move determined by a breakout from these levels.
Above 7360, 7420 and then 7450 are potential areas of resistance, with a close above here suggesting a more substantial rally towards 7550. Below 7280, the index will head towards 7260, and then 7195.