FTSE 100 – Bearish below 7197
Failure to hold above the head and shoulders neckline followed by a violation at the critical support at 7197 (Apr 28 low) would open doors for a fresh round of sell-off to 7096.8 (Apr 20 low) levels.
On the higher side, only a daily close above 50-DMA level of 7306 would revive bullish view.
On the higher side, only a daily close above 50-DMA level of 7306 would revive bullish view.
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