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FTSE 100 may be due some losses
Friday saw the index retreat from 6200 once again, although it is still really just in the middle of its current 120 point range (6100 – 6220). The continued failure to breach this level suggests that some weakness is due, in which case we look to 6000 and then 5900, after which we can assess whether we are in for more losses into the end of March.
Any break higher requires a daily close above 6220, and this would also put it above the rising trendline off the February lows.