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FTSE 100 heading down?
The FTSE price was knocked back on Friday from highs of around 7370, and, so far this morning, the same appearsto be happening.
If bullish momentum has fizzled out, we need to see a push below 7334, and then down to 7310 in the first instance. Further targets on the downside lie around 7253, the 50-day simple moving average (SMA), and then down to 7218 and 7174.