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FTSE 100 bounce runs into selling pressure
The steady upward move of the FTSE 100 has suffered a reverse, dropping back to support around 7070. Further weakness would suggest a move towards 6920.
It is worth watching the index as this is the first serious weakness seen since the bounce from the end of October. If buyers can turn the price higher, then we should see further strength, but arguably an inability to hold above 7050 would suggest that a push back to the lows of October could be in the offing.
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