Indice UK 100

FTSE 100 – Thursday’s rebound needs positive follow through

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Despite Thursday’s rebound from 6924 levels, it is too early to call the index is heading to fresh record highs, given the daily close was below 7000 levels.

A positive follow through today with a daily close above 7K would signal a possible move to 7055-7100 levels.

On the other had hand, bears are waiting for a daily close below 6950 levels. In this case, 6800-6550 levels stands exposed.

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