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FTSE 100 RSI out of overbought territory
With December seasonality now seemingly in action, the default path for the index would appear to be higher.
Upside targets lie around 6068 and then 6114, with 6190 hovering in the far distance.
The relative strength index has pulled itself out of overbought territory, with stochastics following with a bullish crossover as well. It would take a move back below 5945 to suggest that bearish momentum is reasserting itself.