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FTSE 100 bounce may be at an end
While we briefly saw 6200 yesterday, the index has now fallen back towards the crucial 6128 area that marked the breakout earlier in the week. It would still be unwise to suggest the bounce has run its course, but extended weakness below 6070 would suggest more losses, unwinding at least some of the move higher from mid-February.
A move back to 5966 would be one possible scenario, with further support possible around 5850. A breakout above 6200 would suggest we are still heading towards a test of the late December high at 6300.