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FTSE: Lower Daily Highs And Lows Keeps Focus On Downside

Published 02/12/2014, 06:43
UK100
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FTSE 100 has been underperforming and a trend of higher weekly lows has been ended with the market now posting lower daily highs & lows which is negative for sentiment. With this in mind the outlook for Tuesday is to sell on the open and at 6684.0, yesterday’s high, with a stop loss at 6715.0, Friday’s close. Targets are to 6643.5, yesterday’s low, 6613.0, the 2 week base and 6575.0, the 12th Nov low trade.

FTSE Daily - lower highs & lows

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