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FTSE 100 entering a new bullish phase
Having broken 7452, the FTSE moved on to break above the downward trendline that has held since 2 June, the latest such incident this year. Thus, 7553 and then 7600 are the new areas of potential resistance.
A new bullish phase looks to have begun, with a drop back below 7400 the absolute minimum needed to put a more bearish spin on things.