With the new prime minister arriving on Monday, it seems to have come just in time for the upward trend to reignite bringing to a close the pullback which has been materializing since February, this most recent downtrend has been broken as of late June and the resistance barrier of 10,780.5 is just short of the ATH ( approximately 1.5% short). Will the new leadership bring about a surge in the FTSE 100, time will tell, A break above this resistance line could well see prices rise as high as 13,000 (approximately)
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