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FTSE seeing brief resurgence
The FTSE 100 is moving higher, off the back of a major selloff yesterday, which took price through an ascending trendline dating back to August.
This is clearly a continued bearish sign and despite the upside we are currently seeing, further selling is likely, with support levels of 6070, 6048 and 6024 in view.
Should we see a closed hourly candle above 6174, then a more bullish outlook would return, where 6197, 6209 and 6249 are the next resistance levels.