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Can the FTSE climb above 6300?
Yesterday saw the index move and close below the 6300 level, although the crucial 6250 area remains as support. Traders must now wait to see if the price can get back above 6300, or whether it is forming another lower high as part of the current downtrend. Any move through 6250 still suggests at least a move to 6204 and then 6161.