FTSE 100 turns lower early on
Friday’s gains were rapidly reversed late in the day, and the FTSE 100 finds itself testing possible trendline support from the March lows.
It continues to be constrained by trendline resistance from the May all-time high. A break below trendline support would signal another test of the 7500 area that held last week. Below this, 7340 comes into play as possible support. A push above trendline resistance around 7720 would open the way to 7800 and then 7900.