FTSE 100 to target all-time highs?
Yesterday saw an eventual pullback from 7200 on the FTSE, but over the past 12 hours, the 7160 area has acted as support. We have seen dip buyers coming back to push the market higher in early trading.
Now we look to see if the price can move through 7200. If so, the next targets become 7276 and 7348, with the record-high at 7359 then in sight. It will need a firm close below 7130 to suggest the bounce has run its course.