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Technical Forecast for FTSE 100

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Technical Forecast for FTSE 100

 


FTSE Sep13 made a small recovery in to the end of the week as expected & if we continue higher look for a selling opportunity at 6586/95. Stops on shorts needed above 6600 for 6620/25 which should meet selling pressure.


 


Immediate support is 6535 but longs need stops below 6525 for a test of 6500/95 & a low for the day likely. However if we continue lower look for 6481/72.

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