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FTSE 100 extends gains into third week
After falling to its lowest level since December 2016, the FTSE 100 has staged an impressive recovery, fighting hard to hold above 7000 and rallying for the past two weeks.
The move back above 7127 is an encouraging sign, and if we can hold these levels then the possibility of a move back towards 7400 and higher increases. A drop back below 7100 would be a bearish sign, raising the prospect of a retest of the lows around 6800.