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FTSE 100 breaks short-lived downtrend
Yesterday’s recovery has continued, with the FTSE 100 reclaiming 7500, putting an end to yet another short-term downtrend. The 7550 area now comes into play, and then above this will be 7600.
Overall it looks like the buyers are back in charge, with a drop back below 7495 required to signal that more short-term losses are at hand.
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