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FTSE 100 surges from range support
The FTSE 100's bounce from the 7490 level/200-day simple moving average (SMA) of 7487 that we saw last week is still intact.
We need to see the price push on above the 50-day SMA (currently 7645), and then move back above 7700 to challenge recent highs around 7800. Even then the index is still within the 7500-7800 range until we get a daily close outside this.
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