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  1. Quick Technical Overview - FTSE 100: bearish ranging near below 100/200 day SMA area

    by , 02-04-2016 at 03:14 AM
    Daily price is located below 100 day SMA/200 day SMA area for the bearish market condition: the price is ranging within 5541 support level and 6072 resistance level, and RSI indicator is estimating the ranging bearish condition to be continuing.

    • If the price will break 6072 resistance level so the bullish reversal will be started.
    • If price will break 5541 support so the bearish trend will be continuing.
    • If not so the price will be ranging within the levels.

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