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Squawk / 03 October 2016 at 7:33 GMT
partner and technical analyst / 3 c analysis
United Kingdom
DEC'16 FTSE - signals point higher for a break of daily bear trend. Despite last week's early sell-off, a sequence of higher weekly lows has remained intact which is highlighting the demand to buy UK stocks on the dip. There may be some resistance at 6900.0, a daily bear trend, but signals point to a break here which should then target 6930.0/47.5, the September & August highs and then 7030.0, the June 2015 top. If the market pulls back we will buy at 6785.0, the 50 day average rate and the stop is at 6714.5, the 2 week base.
03 October
trading4fun trading4fun
great call steve to grab nice pips right from monday kick off
04 October
Steve Lucas Steve Lucas
taking some profit on this trade here near 7020.0 and raising the stop to the entry point

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