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FTSE 100 steady above 7400
Having seen the FTSE 100 knocked back sharply on Wednesday, Thursday saw the bulls step in to restore the uptrend, creating a new higher low.
An early turn lower from 7420 indicates that this is the first level to break for further upward progress. A close below 7360 is needed to signal that a bigger retracement to 7294 is on the way.