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FTSE 100 maintains rebound from September lows
An excellent end to the quarter saw FTSE 100 cap a stellar rally from the mid-month lows. Now, with the price opening back above the 50-day simple moving average (SMA) at 7375, we look to see if momentum can be sustained. Further targets lie at 7400 and 7450.
It would likely take a drop back below 7300 to reverse the positive outlook, with a return to all-time highs by the end of the year a possibility. Any dip that holds above 7300 should likely be perceived as a buying opportunity.