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FTSE Dec Contract FTSE has recovered well off the lows of 5081. This morning the market is expecting a stronger open and if we can open towards the 5257 resistance, you should find sellers waiting. However the downside does at this point look to be short lived, and correction should hold 5225. The short term charts are calling for a move higher, thus buyers will be waiting on dips to come into the market and drive the market higher once more. Only a loss of 5217 would see buyers wobble and
Filed under: Technical
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