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FTSE 100 eyes 6815
The rally is now almost a week old, with dips still being bought. There is a shallow descending line of resistance from the August high, which may come into play around 6912, but a move through here leaves the index on course to hit 6950.
Yesterday the 50-hour simple moving average (SMA) (6845) came into play to prevent further downside ahead of the Federal Open Market Committee, and since then the price has pushed on.
A move through key support at 6815 would be the first indication that the bounce has run its course.