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FTSE 100 bounces off key support
As was suggested yesterday, the FTSE 100's weakness has been short-lived. The 7550 zone has provided support over the past two months, with yesterday’s dip being followed up by a push higher.
This now brings our attention to the 7700 area, with a move above 7720 signaling that this zone of resistance has been broken. This would bring 7800 and 7900 into play. A move below 7550 is needed to suggest more weakness, which would bring 7500 into view as possible support.
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