FTSE rally fails to break through key resistance
The FTSE 100 has been enjoying somewhat of a resurgence since Friday, with the index temporarily pushing through trendline resistance in a bid to regain the upper hand following a recent downtrend.
However, the inability to break through 6859 was particularly telling as this means the index continues to establish lower highs to accompany the lower lows. With that in mind, further downside looks the most likely move, unless we see an hourly close above 6859. Support levels of note are 6809 and 6770