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FTSE stays above key support
The FTSE is rebounding from the key 7091 support level this morning, following another leg lower yesterday. That support level is going to be crucial in determining how the forthcoming weeks are going to look.
Essentially, we are looking for either an hourly close below 7091 for a bearish signal, or an hourly close above 7152 for a sign that we are heading for a rebound.