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FTSE 100 may have more weakness in store
Having failed to push on above 6850 last week, the index has this morning tested the rising hourly uptrend that has held since its low at the beginning of November. We now look to see if it holds below 6800, and then pushes on below 6700.
This might then suggest a move to the 200-day simple moving average (SMA) at 6525. If the price fails to move back to 6850 then it looks like more weakness is in store.