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FTSE 100 finds its buyers
Yesterday’s dip to 6730 brought out the buyers, so for now it looks like we will see some near-term strength, especially with month-end looming. However, the price has broken firmly below 6800, and we will need to see a move above 6840 to reinvigorate the move higher.
A failure to cross above 6800 could see fresh selling develop, potentially taking the price back down to 6730, with a close below here opening the way to support at 6612.