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FTSE 100 rallies back into key resistance
The FTSE 100 is pushing higher once again this morning, with the rally past the 76.4% highlighting the desire to challenge the crucial 7772 resistance level.
Should we see a break and hourly close above there, it would signal a bullish reversal of the weakness seen in late May. As such, the ability or inability to break through 7772 will be key to determining the outlook for the coming weeks.