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FTSE 100 at risk from downside
Yesterday’s rally turned to despair in the afternoon, and with the index testing the lows of the month towards 6060, the risk is now that the downside accelerates and we see a dramatic move below 6000, down towards 5920.
Intraday, the index is oversold, so it may not be wise to chase the move, but overall the index has acquired a firm bearish dimension. Bulls would need a close back above 6120 to reverse the current outlook.