FTSE 100 – Thursday’s rebound needs positive follow through

Despite Thursday’s rebound from 6924 levels, it is too early to call the index is heading to fresh record highs, given the daily close was below 7000 levels.

A positive follow through today with a daily close above 7K would signal a possible move to 7055-7100 levels.

On the other had hand, bears are waiting for a daily close below 6950 levels. In this case, 6800-6550 levels stands exposed.