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FTSE consolidates after a choppy 48 hours
The FTSE is settling down this morning following on a wild rollercoaster ride instigated on Wednesday. The next move will likely be prompted by the breakout from the current sideways consolidation, with an hourly close below 6798 bringing a more bearish view. Given the bearish move into this current consolidation, another leg lower seems likely, yet we await the breakout.