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Long

UK FTSE 100 Seeing Some Strength Today

TVC:UKX   UK 100 Index
The FTSE 100 has been bearish for a few months.
Price at the moment is below the 50 and 200 simple moving averages. Price did not look like slowing down but today it has bounced
off a strong support level at £68.75 from May 2013.
Since we are below both moving averages, this bounce does not mean much just yet. For price to become bullish again then
we need a break of the 200 moving average.

It will be interesting to see whether price will close the day bullish in a few hours, if so then it may be a sign that we will at least
have near term strength in this Indice.

Any comments or questions, do not hesitate to leave them below.

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