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FTSE continues the charge higher
The FTSE 100 seems to have found strong resistance at the 6429 region. This is the early July support level, and thus I would expect some sort of response. For the time being this looks a lot like the previous short-term periods of consolidation, given that we are not necessarily seeing any sharp move lower. However, in 6384 we have a decent support level to watch out for, where a break below could lead to another short-term selloff for the day.
For now, I expect the price to remain bullish, with 6384 holding up. A move back to 6450 seems likely. However, should the price move back below 6384, then I would look for a deeper retracement to 6344 and even 6310.