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FTSE 100 may be back on the up
The index has picked itself up and dusted itself down after yesterday’s gyrations. It is now back in the 100-point range from 6100 to 6200 that has dominated throughout March. As a result, so long as 6100 holds we look towards 6200 once again, and then beyond this to 6324.
If the index closes below 6100 then we look to support around Thursday’s lows near 6000, and then on down towards 5850. Overall however, the picture still seems guardedly optimistic.