FTSE 100 drift continues
A gap lower in the FTSE 100 overnight was met by fresh buying, but overall the drift back from 7400 goes on. We may see buyers stage a real defence at 7320, the high from mid-February. We would then look towards 7400 as the next target on the upside.
If 7320 is broken then we could see a bigger drop, down to 7240 and then 7180 in the first instance.