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Buyers begin to come for FTSE 100
Another pullback has seen buyers begin to enter, pushing the FTSE 100 back towards the recent highs and holding above the 50-period simple moving average (SMA) at 7544 on the four-hour chart once more.
From here, 7712 and then 7800 come into play. There have been few bearish signs over the past few weeks, but a move below 7500 might signal a weakening of momentum.