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FTSE 100 clocks up fresh four-month low
The FTSE 100 fell to its lowest level in over four months yesterday, as the decline across European markets continued.
The next area of support is 7340, and then below this 7280 comes into play. A recovery above 7490 is needed to suggest near-term bullish pressure. Just 13% of the index is above its 20-day moving average, a reflection of the heavy losses of late, but when this reading gets to such a low point a near-term rebound is often at hand.