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FTSE rallies up to key resistance
The FTSE has been on an incredible recovery rally, retaking all the initial weekend losses and subsequently breaking up to create a new four-month high this morning.
The 6376 level will be crucial today, as a closed hourly candle above this would likely spark another strong move higher for the index. Otherwise, the inability to break through this level with conviction could see it mark the top for the day.
To the downside, a closed hourly candle below 6337 would provide a more bearish view.