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FTSE100

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Going back down to retest 7542 after the BoE rate decision and mon pol statement. Saved there on Tuesday by prior resistance and the rising 100 ma on the daily chart.

1 hour chart.

185543431_FTSE100()H1.thumb.png.a272a148db5fe2f52ac9249fc456bcb2.png

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Good lift off the support level 7542 mentioned in last post, steady gain throughout the day, may get a further boost this afternoon on a strong US open on the DOW.

Daily and 1 hour chart.

1716567982_FTSE100()H1.thumb.png.6bfbd1e4081a4fbcc234a2df6fe232f4.png841905535_FTSE100()Daily.thumb.png.4bb00eb1d618ea8a3fbe4cecc607894e.png

 

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FTSE100 not as volatile as the dow or dax and has formed a down channel since mid May, caught a lift off support from the 100 and 200 MAs.

1362634741_FTSE100()Daily.thumb.png.fe05e88727b388bd7a6f9877ba337c0f.png

 

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FTSE working hard to keep in touch with the highs, interesting weekly chart, note the tails on the weekly bars over the last 6 weeks, though closing lower just keeps getting bought up.

330029260_FTSE100_20180708_20_01.thumb.png.936100ac2255a559b2bcb396e66d1d4a.png

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13 hours ago, Caseynotes said:

FTSE working hard to keep in touch with the highs, interesting weekly chart, note the tails on the weekly bars over the last 6 weeks, though closing lower just keeps getting bought up.

Interesting insight on that one casey. 

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End of month and a relatively strong monthly bar for ftse, still perched ready to strike at the highs should news from the BoE on Thursday warrant it.

Monthly chart;

1624888234_FTSE100()Monthly.thumb.png.286824fc9495dd52350234fe0b9f303a.png

 

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