Good morning
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We expected a rise from American markets yesterday and this pushed the FTSE up in the afternoon resulting in a close above the MA 200. I have mentioned this before but the FTSE has a tendency to produce bear and bull traps above and below key levels. Its therefore always best to wait for 2 end of day closes or a weekly close to read too much into a major technical breach when its against the main trend. The main trend for markets is still ''up''.
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