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FTSE 100 could see all-time highs
While bulls can feel satisfied that they have finally managed to get the price back above the 50-day simple moving average (SMA) - 6894 - the price has run right into resistance seen on 9 November, around 6940.
A failure to push on here may lead to some short-term weakness, perhaps back down to 6880 or 6840. A daily close above 6940 suggests a move to 7006 and then on to the all-time highs of 7134.