FTSE 100 struggles around 7000
After last week’s excitement, the FTSE 100 remains close to its lows near 6920. Thursday and Friday both saw strong buying below 7000, and so far today buyers seem happy to step in around 7000.
Short-term resistance comes in at 7060, with a break above here opening the way to 7127. Further downside will only develop with a close below 6920, in which case the March lows at 6840 come into view.