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FTSE fleetingly breaks resistance
The FTSE broke through both trendline and horizontal resistance this morning, with a sharp spike above the key swing high of 7448.
Given that the next move was likely to be dictated by the break above 7448 or below 7382, this could give us a clue of where the breakout will eventually come. However, it makes sense to wait for an hourly close through one of those levels to guide our view.