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FTSE back from the brink
The FTSE 100 has managed to sustain price action above the crucial 6809 support level which needed to be broken to negate the bullish outlook mentioned yesterday.
With this rally coming into trendline resistance, the signal that would provide us with further confidence to this bullish outlook would be an hourly close above yesterday’s high of 6886 given this would necessitate a trendline break. An hourly close below 6809 would negate this bullish view.