We saw a penetration through 5720 yesterday but the FTSE failed to close above this level. As the institutional market largely dominate the market towards the end of the day this is a sign that bullish sentiment is not following through. At this stage the FTSE would need to move above #### (CLIENTS ONLY) for this market to regain sustained positive momentum. For this reason I do not feel it appropriate to position long.
Today the FTSE should reach its closing level #### (CLIENTS ONLY) as long as we do not open above 5742.
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