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FTSE 100 in decisive trade zone
The FTSE 100 has been trading in a bullish trend of late, with the creation of higher highs and higher lows in play for almost a month.
However, with the price pulling back from the crucial August high of 7553, we are faced with the potential for a wider pullback in the index, should the price fall below 7487. As such, watch out for an hourly close above 7553, or below 7487 to provide a more certain directional bias. Until then, the short-term uptrend remains intact.