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FTSE 100 in a bullish mode
The FTSE 100 has begun the day above the descending trendline, potentially signaling a breakout. Dips back towards the trendline have been met by buying, so the next target to the upside is 7450. Above here 7533 and 7600 come into play.
As before, it needs a daily close below 7300 to negate the bullish outlook.