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FTSE 100 eyeing more gains
Having established a firm base down at 7300, the FTSE continues to move further away from the post-November rising trendline. Monday’s high at 7386 still needs to be broken, but so far it looks like we have further gains on the way, with a break of the downtrend line at 7450 the real sign that a new leg higher is underway.
Bears need to get the price back below 7300 to really suggest a further drop is likely.