In the weekly charts, FTSE 100 is trading in an upward channel.
FTSE 100Â is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
FTSE 100 will follow an uptrend in the coming weeks.
The FTSE 100 crucial support level is at 7,461.3 which is near 20 days SMA as of now. There are no signs of a bearish trend.
The bulls have a tight grip on FTSE 100.
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