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FTSE 100 pushed lower again
A bounce from near 5850 yesterday took us back to 6000 during the overnight period, but resistance around the latter point has pushed the market lower once again. Until this c.150-point range is broken, the picture remains inconclusive.
Short-term traders will continue to take advantage of the move, but those looking at daily charts will remain frustrated. A move through 6000 targets 6115 and then 6200, while below 5850 we look to 5764.