FTSE 100 index drifting lower after hitting cloud chart resistance at 7222 on the weekly cloud chart.
Downside risk towards bottom end of the front cloud support zone at 6997!
Price action is below the cloud so outlook remain bearish for the long-term.
On the daily cloud chart the FTSE100 is now consolidating its recent rally, and drifting lower after the sell signal!
Downside risk to the next key support zone of 6997!
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