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FTSE 100: A sell below 6130?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: Neutral Stochastic: Sell signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,204.1 Last relevant low: 5,845.5 Comment: The FTSE finished higher on Friday towards the high point of the session and of the week. Clearly non-farms dominated the session, but if the market didn’t like the announcement we would have a far more negative outlook! Technically we note that the stochastic has a sell pattern in oversold territory and the RSI

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