FTSE 100 sets its sights on May trendline
The rebound goes on here, with the FTSE 100 now looking to challenge trendline resistance from the May highs.
This would involve a decisive move above the 7700 level, and then to clear 7710, the high from the end of June. From here, 7800 and then 7900 come into play. A bearish move requires a break below the trendline from the March lows, i.e. a drop below 7575, which would then bring 7500 support into view.