The FTSE is trading in a rectangle sideways formation between 5920 and 6105. At this point a close above 6055 will indicate new highs (above 6105) for the FTSE. Buying opportunities remain near to 5950 with stops under 5920.
I have a magnet target at 6006 this morning but its the 1st of the month so we have to be slightly cautious targeting this. Funds usually commit large cash investments on these days.
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