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FTSE 100 continues to regain ground
The FTSE 100 has been regaining ground over the past few trading days, with the price rebounding from the crucial 7489 level. With the wider range topping out between the 7706 and 7796 level, there is a good chance we will continue to regain ground over the near term.
The fact that we dropped into the 7489 level does raise the potential for a breakdown for the index. However, as long as we do not break back below that support level, there is a good chance of further upside over the near term.