Good morning
After promising price action at yesterday's market open the FTSE failed to deliver any meaningful moves. The DOW is also resting in tight range around 12,000 and has done so for most of this week. The USA has GDP data out today at 1.30pm which many investors will be focusing on. Traders are most likely waiting for this news to be released before taking fresh trading positions.
Yesterday I mentioned the importance of 5976 and we failed to close above this level yet again after a failed retest at 6000. Again this is not positive price action.
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