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FTSE 100 edges back from closing high
A record close last week for FTSE 100 has reignited the uptrend, with some weakness this morning likely to be a temporary blip, before new highs later in the week.
The previous key area of 7533 has already seen buyers step in, with a push above Friday’s 7580 intraday high leaving the index with only the 7600 all-time high as the next target. The recovery last week back above the September rising trendline suggests that even a bigger dip towards 7500 could still merely be another buying opportunity.