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FTSE 100 not moving in any direction
The past two sessions have seen little in the way of upward progress, but neither have we witnessed any real downward move on the FTSE.
Some weakness in mining stocks is weighing on the index this morning, but we could see support enter the frame around 7450, should the sell-off gather a little momentum. Below this, we would look towards the post-April rising trendline, which might suggest a drop towards 7400 itself. A revival of bullish sentiment would see a push back to 7500 and then to 7533.
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