FTSE outlook remains negative with first trend line 7295/99. However if we continue higher look for a selling opportunity at 7315/20, with stops above 7340. Next target and selling opportunity at 7370/75, with stops above 7395.
First support at 7245/40 but a break below 7230 targets 7205, 7190 and perhaps as far as the May low at 7176/67 this week. Exit all remaining shorts on the approach.