If we are to see higher prices in the short term then I would not expect to see activity below 5344. 5344 is the level the FTSE broke out of (to the north) on the back of the central banking news on the 30th November. The move through this level turned the FTSE short term positive. I'm not expecting big upside from current levels and in my opinion we have already had the Christmas rally (its lasted 1 day (30th Nov)) but we could well see the index drift back towards 5600.
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