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FTSE 100 falls below near-term support
The FTSE 100 has dropped below 7535 yesterday evening, providing a greater possibility of further downside in the short term.
Should the price break back above the 7564 mark, then this possibility would be largely negated. However, another move lower, and a break below yesterday’s low of 7527, would point towards the beginning of a period of retracement, where 7511 would mark the next key support level.