Long at 7424.80. Back to tentative trading of UKX after a month’s break due to volatile changes in trading range.
Reasons: recent support just below 7400, resistance near 7530. With Brexit unlikely to progress much, Sterling likely to weaken again & with start of a new month tomorrow occasionally adding a fillip to stocks, target here will be closer to 7500.
However, trade not without added risk at these fairly bullish levels. But at least UKX dividends should cover most holding costs. Would only add if it fell by some way from these levels. - Cheers.