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FTSE 100 – Still trending sideways

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: Neutral Stochastic: No clear signal Daily Price Action Trend: Neutral Last relevant high: 6,237.0 Last relevant low: 5,845.5 Comment: The FTSE closed slightly lower on Friday as falling oil prices did little to encourage buyers into the market ahead of the weekend. From a technical point of view we note that the FTSE remains trending sideways and until we break out of this range it seems not worth the risk of trading the daily time frame. A sell pattern would be

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