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FTSE: Sell Modestly At The Open

Published 24/06/2014, 07:07
UK100
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This week’s signals for FTSE 100 point to buying the open and on a dip to 6750.5. Monday’s expected pullback has occurred, though so far the bounce from the 6737.0 low has been limited, the market recording a 2nd lower daily high and low in a row.

Signals subsequently continue to point lower, so with this in mind the outlook for Tuesday is to sell modestly on the open and then at 6775.0, with a stop loss at 6794.5, Friday’s high. Targets are to 6737.0, yesterday’s base, 6715.0 and then 6686.5, June’s low trade.
FTSE Daily Chart

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