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And thats a wrap | can it climb from 9870 | Merry Christmas and Happy New Year

The FTSE 100 ended higher on Tuesday, supported by gains in shares of banks and miners amid thin trading volume ahead of the Christmas break. The UK's blue-chip FTSE 100 closed 0.3% higher, extending its upward momentum from last week after the Bank of England's 25-basis-point interest rate cut pushed the index to a five-week high.

FTSE100 Bias

  • BIAS: BULLISH TREND, HOLIDAY RANGE
  • State
    • Higher-timeframe trend remains bullish (rising daily channel intact).
    • Price sitting around the daily pivot (~9,880s), just below recent highs.
    • Momentum positive but stretched after December rally.
    • Intraday structure = range / pause, not momentum.
  • Bias
    • Trend: Bullish
    • Intraday: Range-bound
    • Behaviour today: Buy dips at support, fade extremes, avoid chasing
  • FTSE is not weak, but upside progress likely slow today.

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