_sm.png/jcr:content/renditions/original-size.webp "FTSE chart")
_Lg.png/jcr:content/renditions/original-size.webp "FTSE chart")
_sm.png/jcr:content/renditions/original-size.webp "DAX chart")
_Lg.png/jcr:content/renditions/original-size.webp "DAX chart")
_sm.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
_Lg.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
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FTSE 100 in retracement mode following last week’s rally
The FTSE 100 managed to break below the crucial 7516 support level yesterday, providing a clue that that we are likely to retrace from here.
Keep an eye out for the 61.8% and 76.4% retracements for support, with longs preferred around those levels. We would need to break below 7457 to negate this bullish view.
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