The FTSE 100 rallies supported by solid performance in the commodity sector.
The recent rebound hit resistance near the January peak at 7640. Narrowing consolidation and higher highs suggest increased buying pressure.
A bullish breakout would flush sellers out and attract momentum traders, firing up volatility in the process. This would be a strong bullish continuation signal.
7460 is fresh support if the market remains indecisive. Its breach could extend the correction back to 7250.
