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FTSE 100 may experience more weakness
The index may well look to play catch-up after a good US session yesterday, but overall it remains stuck in a downward move. A failure to get back above 6300 in the coming days would indicate more weakness lies ahead, potentially down towards the 200-day simple moving average at 6193, or just above this to 6200, where gains stalled throughout March.
A close above 6300 puts us on course for the April peak around 6430. However, for the time being, selling into strength seems to be the correct approach.