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FTSE100 – Eyeing bullish day end close

TVC:UKX   Index of the 100 listed UK companies
UK’s mining heavy index FTSE100 is trading above the head and shoulder neckline level of 6793.

For further gains it is essential that the index sees a day end close above 6793.

Assuming the day end close is bullish , the doors would be opened for a rise to 6900-6910 levels. The daily RSI is breaching the falling trend line adds credence to the bullish view.

On the lower side, two consecutive daily close below H&S neckline would open doors for a much deeper retracement to 6600 levels.
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