FTSE weakening from key resistance level
The FTSE is seeing some weakness in recent hours, following consolidation overnight at the key resistance level of 7545. This comes off the back of a trendline break, which is now providing support.
A break below this level would be somewhat bearish, yet it would be a push below the 7492 level that would provide a stronger sell signal. As such, a break from 7492-7552 zone will be the determinant of the outlook for the FTSE.