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FTSE 100 slowing down
Momentum has been weakening here over the past couple of days, but bears will need to post a firm move below 7260 to indicate that the rounded top is complete and that a new move lower is developing.
There is still the rising trendline from the February low, which could see a bounce around 7250, and then below this the 7 February peak at 7220 will also be worth watching. A turnaround from 7260 would then suggest a move back to 7300 and then on to the all-time high at 7360 for the index.
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