The FTSE 100 consolidates its gains as investors await confirmation of the June 21 reopening.
Price action has found support at 7010 after it broke above the flag consolidation. This is a sign of a bullish continuation now that the sellers could be out of action.
7115 is the immediate resistance and its clearance would lead to the previous peak at 7165. A bullish close above this critical level would lift the index to 7200.
On the downside, a drop below 7040 may extend the consolidation towards the psychological level of 7000.
