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FTSE 100 stabilises after declines
The FTSE 100 saw another sharp decline yesterday, with the index following through on the breakdown below 7219 support. The indecision candles currently forming point towards the possibility of an upward retracement over the short term.
However, we are looking increasingly likely to see the beginning of a wider downturn, with another leg lower looking likely unless the price breaks through the 7243 swing high.