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FTSE stochastics bearish
With Chinese FX intervention now a daily occurrence, the bears have the upper hand here. Some support is still possible around 6500, and then at 6430, while further losses will take us back towards the January lows at 6300. Daily stochastics are now firmly bearish as well, and it will take hard work by bulls to push the index back towards 6650 as a first step in any turnaround.