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FTSE 100 starts off in better form
The FTSE 100 has recovered from its weakness, with buyers coming in below 7100. If the price can now push on above 7200 we may have come through the consolidation phase of the past week or so, as the index digested the gains made from the October low.
Further upside targets 7300 and trendline resistance from the August highs. A move back to the 7000 lows of last week may find buyers, but a close below here might suggest that the lows of October will be retested.