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FTSE 100 struggling to break resistance at 7410
The FTSE 100 continues to hold near the descending trendline off the June highs, but so far has shown little ability to break above it and take out the 7410 resistance level.
A failure to move above here raises the prospect of a return to 7300 and the vital support area that has held back any further losses since July. A daily close below this level is required to open the way to 7090.