More gains have been seen for global stock markets, which are continuing to claw back their recent losses
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The bounce from the 8000 level is intact, and further gains target the 8300 area and then the 31 July/1 August high at 8400. Sellers will want a reversal below 8100 to signal the possibility of a new leg lower.Steady gains over the past three sessions have taken the price back above 5300 and above the May high. Further gains now look to the 50-day SMA and then the late July high at 5570.
Yet more gains here for the index mean that the 36,707 level becomes the next one to watch, having marked a peak in January and then forming support in April.
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