FTSE 100 ST: choppy.
Our preference: long positions above 7200.00 with targets at 7650.00 & 7805.00 in extension.
Alternative scenario: below 7200.00 look for further downside with 7055.00 & 6820.00 as targets.
Comment: a support base at 7200.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
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