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FTSE 100 to test 6270
The index has recovered its losses from Monday and is now heading back to the area where gains petered out last week, namely 6270. First daily-pivot resistance is to be found at 6210, with a move beyond here heading to 6372.
With stochastics and relative strength index still firmly bullish, the buyers look to be gaining the upper hand again, although they may wish to wait for another pullback intraday before getting long. A move back below 6100 would negate this scenario.
