FTSE 100 recovers overnight
We saw a sharp retreat from all-time highs near 7800, but the FTSE 100 has found buyers around 7720.
It has pushed higher overnight, with an oversold stochastic on the four-hour chart providing an entry point. Initial resistance is possible around 7796, the high from the beginning of the week. Below 7705, the price may well head towards 7600.