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FTSE100 – Bearish divergence, eyes rising trend line support

FX:UK100   FTSE 100 Index of UK Listed Shares
  • Bearish price-RSI divergence on the hourly chart could see the index test rising trend line support seen at 6501.
  • An hourly closing below 6500 would expose inverse head and shoulder neckline level of 6400.
  • On the higher side, only an hourly closing above 6628 would signal the failure of the bearish divergence and open doors for 6700 levels.
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