FTSE 100 turns lower again
The FTSE 100 bounce from the lows of the week seems to have run out of steam at 7409, and now equities are turning lower once more. Downside targets lie at 7360, and then the all-important 7300 zone.
Only a break through here really changes the picture from consolidation to bearish move. A recovery needs to reclaim 7400 to then move on and challenge resistance at 7450.