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FTSE 100 looks likely to break lower
The FTSE 100 is continuing its declines from the recent rally, with the price turning back towards key support this morning.
The wider trend over the past month has seen wide swings in each direction, and thus there is a strong likeliness we will sell off yet again to continue this wider consolidation pattern. Watch for an hourly close below 7706 to provide a bearish outlook for the coming trading days.
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