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FTSE 100 looks for further gains
The FTSE 100 was one of the standout gainers of yesterday’s session, rising strongly and pushing above its 50-day simple moving average (currently 6778).
Further gains could see it push back in the direction of 6860 and 6900, although yesterday’s high around 6818 could provide some resistance.
A bigger dip is to be expected, so we may see support enter the fray around 6770, but it would take a move below 6730 to really impair the current uptrend off the lows of the month.