The FTSE100 is outperforming its peers in early trade today, after ending yesterday’s session slightly in the red, supported by a weaker pound and rising energy prices. Technically, the index is well supported above the 20, 50 and 200 period SMA on the hourly chart, with momentum indicators signaling strengthening bullish bias, targeting 7000 and 7040 resistance levels in extension.
Support: 6940 / 6900
Resistance: 7000 / 7040
Risk Warning: 79% of retail CFD accounts lose money
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