FTSE 100 ST: bullish bias above 7380.00.
Pivot: 7380.00
Our preference: long positions above 7380.00 with targets at 7585.00 & 7680.00 in extension.
Alternative scenario: below 7380.00 look for further downside with 7300.00 & 7215.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
8045.00
7680.00
7585.00
7531.72 Last
7380.00
7300.00
7215.00
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