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O'Hare: Firmer FTSE finds support
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Steve O'Hare sees an imminent rally in the FTSE 100. A breakaway gap indicates buying interest, despite the potential for negative sentiment, according to Steve who says: "A firmer open this morning should provide a much needed boost to bulls and looks set to send price action higher initially and after posting a bullish engulfing candle in the final hour of trading last night, the rally looks primed."
Steve is setting longs at 6550, or better, with a stop below the recent lows at 6485.
Targets: 6650 (last week’s corrective swing higher) & 6725 (to fill the gap)
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