Thursday, 15 January 2015

FTSE 6388 weakness targets 5300 in next 12 months

FTSE has made no progress since peaking at 6900 in September 2014. Technically, the weekly chart looks like it is rolling over with a move below 6000 anticipated this year. A weekly close above the 50ema (6576) is required to go long. Bears will target a move to 6200 this month.


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