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FTSE 100 on the up once more
The FTSE 100 continues to claw its way higher, pushing above Tuesday’s high overnight.
Rising support from the March lows would come into play around 7580, while a push above 7650 brings the 7700 area into view, with 7706 as horizontal resistance and 7700 as declining trendline resistance. Moves above 7650 have been short-lived of late, so bulls need to step up soon to avoid a more bearish picture emerging.