Price action below the cloud, remains bearish long-term on weekly cloud chart.
The daily cloud chart:
FTSE100 failed to find support at the top end of the daily cloud: 6225! This level is now a new resistance zone, and downside support target is around the bottom end of the cloud at 5876!
If support holds at that level could see a rebound from the bottom end of the cloud! If support fails, then expect more downside to the next support zone of 5525!
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