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FTSE 100 returns to the 7450 resistance zone
The bounce for the FTSE 100 has carried it back to the 7450 resistance zone. The last two bounces off 7300 faltered here, so the index has reached a crucial point. A daily close above here opens the way to 7533, and then on to the all-time high at 7600.
A turn lower from 7450 leaves the current 7300-7450 range intact, so some short positions could be considered, with a target of 7300.