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FTSE 100 takes early losses
Having spent yesterday in a holding pattern, we are seeing early losses for the index, although it needs a move below 6100 to shake it from the current trading range.
If downside momentum develops then we look to 6000 and the 50-day simple moving average at 5971 for support to develop, while below this the 5900 area comes into view. Upside moves are likely to be limited unless the index can muster a daily close above 6220.