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FTSE 100 falters
Momentum to the upside on the FTSE has started to fade just shy of 5950, but after the sharp move higher at the end of last week this is not surprising. The rising trendline on the hourlychart could stem selling around 5850, or below this around 5820, at which point fresh buyers may enter on the dip. The next target above 5950 would be the peaks from 13 and 14 January at 6000, and then above this the index could go on as far as 6168.