FTSE finds resistance

The FTSE 100 finds technical resistance between 5100 & 5130 (Sep future). If this holds the index might slip back towards the major psychological level of 5000. A healthy close above 5130 could continue the rally with new resistance at the 5180 level. Today’s move is likely to be pivotal !

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About Simon Brown
Simon Brown has over 20 years experience trading Derivatives on everything from Gold, FTSE to Dollar/Pound. Simon has lectured in Trading Psychology, Strategy and Technical Analysis, in addition to regular appearances on CNBC television. He is now Managing Director of ProSpreads.

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