FTSE 100 suffering a mixed morning
The FTSE 100 has pushed lower in early trading, having dropped below the 50-day simple moving average (SMA) at 7657 earlier in the week.
Yesterday’s low at 7598 is the first area to watch, and then below this the 7550 zone is possible support, followed by 7490. This latter level marks the bottom end of the range in which the index has traded since mid-June, and a close below this would mark a bearish development. A push higher targets 7675, and then on to 7800, the top end of the index’s trading range.