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Thursday, July 27, 2017
MAGNETIC FTSE Trading Report
The strategy all week has been to sell rallies and this has been working on the FTSE well. Today the FTSE will open with cable under pressure. Many investors entered the FTSE when cable was down near 1.20 and with the currency rallying over night upside on the FTSE is going to be hindered. Its unlikely the FTSE will get above 7487 (yesterdays high).
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