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FTSE breaking lower once more
Yesterday’s sell-off in the FTSE 100 came into some late buying, with early gains pushing into the 50-hour simple moving average. However, this is being unwound in style after the open, with the index selling off once more.
The key here is the ability to break below yesterday's low of 6630. Upon which, we would expect further losses to come. A bearish view remains in place unless we see a break through 6695 resistance. Below 6630, the next key support level to note is 6606.