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FTSE 100 continues to stall
Yesterday’s bounce stalled at 6840, and an early move higher this morning has faltered at this level too.
Thursday’s trading saw the rising hourly trendline tested again, so this is still the area to watch today and into next week, with a move below 6800 needed to indicate buying pressure has run out.
The area from 6840 to 6860 has held back rallies since 11 November, so this is where the buyers need to step up.