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FTSE 100 dips bought, but still struggles to push higher
Dips have been furiously bought since the 1 December low, but the index has failed to push on above 7000, remaining below the 7020 high seen at the beginning of the week.
A failure to push on above 7000 risks a return to 6950 and then 6900, but it will take a firm move below 6866 to suggest weakness is ahead. A close above 7020 would signal a test of the all-time high of October at 7134, with some resistance possible on the way at 7070.