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FTSE 100 – a close above 7385 on the way?
Although the FTSE remains stuck in the 7300-7385 range, yesterday’s drop back from the highs managed to create a higher low.
Now it is up to the bulls to post a close above 7385 in order to clear the way for a sustained move higher. A failure to push on above this level could see a return to 7300, and if this breaks a drop to 7260 or lower could be in the offing.