Equities rally as investors find some relief in China cutting interest rates. The FTSE is looking to hold onto its gains as it grinds its way towards a new high. 7560 at the origin of June’s liquidation is a major hurdle and strong selling interest could be expected from those who believe in a bear market in the medium-term. The RSI’s repeated overbought condition may make buyers wary of chasing after the rally. 7460 is the immediate support and 7370 over the 30-day moving average an important level to prevent a correction.
