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FTSE continues to grind higher
Friday saw the FTSE pull back to Tuesday’s peak of 6710, with a subsequent bounce higher. We have now seen two weeks of gains and the uptrend is well established. As such, I remain bullish as long as the price is above 6710.
In the near term, we await a break above 6767, which would then likely lead to a move towards 6808, with 6767 then forming new support. However, until we see a move above 6767, we could see further consolidation between 6710 and 6767.