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FTSE 100 moves lower
Yesterday’s session repeated the pattern of recent days, with the index moving lower but still within its 6100/6200 trading range. This is likely to continue today as well, until the Federal Reserve meeting is out of the way.
A move below 6100 targets the ECB-day low of 6000, while any break above 6200 still targets the 200-day simple moving average (SMA) at 6269, then 6324 (the late December high) and then on towards 6440, key resistance during October and December.