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FTSE breaks out of recent downturn
The FTSE managed to break through the crucial 7516 resistance level on Friday, which adds further credence to the bullish shift instigated by the push through 7487.
This morning has seen the price find support on that same 7516 level, which could mark the low of this consolidation. Ultimately, we would need to see a break below 7457 to negate the bullish view that is now in play, with 7600 the next major resistance point of note.