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FTSE100 – Needs day end close above 7055

TVC:UKX   The FTSE 100 Index
The rebound from yesterday’s low of 6983 if followed by a daily close above 7055 (Oct 14 high) would open doors for a revisit to record high of 7129.8.

The area around 7055 has acted as a stiff resistance. Moreover, the index has been repeatedly offered around 7055 handle over the last two weeks. Hence, a day end close above 7055 is necessary to strengthen the bullish tone.
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