Its non farm payrolls day and these days are often pivotal. The news release is at 1.30pm. At this stage 5358 is a key level for determining where the FTSE is heading for the month of September. The short term market is bullish whilst we avoid an end of day close below this level but the longer term trend is still firmly down. American markets are also at key levels. A weekly close below 5358 today will indicate a move to at least 5100 and lower and a weekly close above 5358 will indicate higher prices towards 5700.
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