FTSE 100 saved by fresh buying
Signs of potential deterioration in the index yesterday were swiftly followed by fresh buying. Now the first target on the upside is 7220, where Tuesday’s gains stalled, with 7276 and then 7350 the next levels to watch.
If gains falter today, 7150, and 7100 are the areas to look for support. A close below 7100 could signal that a new move lower has begun.