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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Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.