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7560 support today | 17 point dividend | Learn to trade | Analysis Signals Alerts
15th August 2018
We got the dip down to 7600 yesterday, but not quite 7590 unfortunately. We then got a decent bounce to the 7650 area, but generally it still looks weak with a test of 7560 level looking possible now. We do however have a 17 point dividend to be applied today which may well underpin some bullishness today.
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FTSE 100 Trading Signals, Forecast and Prediction
There is decent looking daily support at 7560 so if we were to get that low today this looks like a decent long entry area - possibly even a swing to hold for a few sessions.
The daily chart is starting to weaken with the 10ema crossing over the 25 in a bearish move, showing resistance at 7669 - the bulls will be keen to prevent this "locking in" by driving prices higher today. A close below 7625 will however probably see that confirm bearishness.
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With 7560 breaking with this bearish backdrop we have support at 7490 then 7400.