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FTSE 100 takes a tumble
The FTSE 100’s mid-November recovery seems a long time ago now, with a fresh leg lower taking the index to levels not seen for over two months.
Potential areas for buyers come in at 7294, and then 7260, but it will take a move back above to put a bullish outlook on the index, since intraday rallies such as those we saw this week have been so firmly sold. Below 7260, the September low at 7195 comes into play.