FTSE100: Rebounded from 6833 cloud chart support zone! Upside resistance targets: 7156/7237 the bottom end of the weekly cloud chart! FTSE needs to break past the cloud chart resistance to be back in bullish outlook. Price action below the cloud remains bearish. Swing trade rebound from the 6861/6833 old cloud chart support zone worked out well.
On the daily cloud chart the next key resistance zones are the front end of the cloud at 7086, the bottom end of old cloud chart support at 7164/7240 with the upside resistance target at 7291 as the Q4 seasonal rally is starting to take off now.
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