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FTSE 100 eyes 6430
After a difficult start to the week the FTSE 100 has recovered, although it has yet to regain the highs around 6300. A close above 6250 would likely negate the bearish outlook and shift the view back to bullish, with the potential for a move back to the highs of April around 6430.
A weaker close today would reinvigorate the negative outlook and suggest a move to the 200-day simple moving average at 6152, and then down towards the key 6060-6100 support zone that prevented further downside in the March-May period.