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FTSE down, miners reversed early gains

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE down, miners reversed early gains. Ipek Ozkardeskaya European markets lack direction this morning. The FTSE found itself thrown into the hands of a confused market. A very short-lived rally followed the negative open as energy and materials gained on firmer oil and commodity prices. Some profit taking is already underway. An hour after the open, all sectors in the FTSE are in the red. Anglo American (+3.53%), Glencore (+2.88%), Rio Tinto (+2.56%), Antofagasta (+2.00%) and BHP (+1.66%)

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