Good morning
Its the first of the month today so we we may see buyers (funds injecting new capital) enter early on but I do not anticipate the FTSE will move above 6024 before we have retested 5910 first.
The close last night for the FTSE at 4.30pm was 5990 however taking into account the 16.8 dividend, the real adjusted close was 5974 and I expect the market to reach this level today. If we see a clear penetration through 5974 this should open the market up to more selling.
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