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Charting indices: mining sector weakens the FTSE 100

The 6340 level was a key support yesterday, and we are now heading towards the lows of October 14. 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

This weakness coming through is mainly due to the mining sector, and we could possibly go back to 6318. The DAX was reasonably strong yesterday but the repeated resistance at 10,200 shows there is a risk of a downward move, possibly to the lows of last week. IG analyst Chris Beauchamp also looks at the Dow Jones.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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