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FTSE 100 Update August 11 2021

The FTSE 100 is almost 400 points up from our initial long entry zone – this is an excellent gain by any measure and those who entered a long position at the beginning of this move may want to think about taking some profits off the table.

Our secondary long entry zone is looking more unlikely so we are turning our attention to resistance levels between 7300 and 7500 over the next month.

FTSE 100 Chart August 11 2021

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As always our posts are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.