Secrets of day Trading Methods

Tuesday, November 23, 2010

Mark Austin FTSE Trading Update - 23rd Nov 2010

Good morning
 
The FTSE made a brief high at 5787 (above its high on the 18th Nov 5786) but I was expecting a move above 5800 where we have some gaps unfilled.
 
The short term trading range lies between 5650 and 5760. A definitive break of these key levels will dictate the next direction. I will therefore be watching the open carefully as we are set to open below 5650.  If price action is not accepted below 5650 we could have a short term buying opportunity.

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