Though Ftse dropped below 5700 range but it failed to complete its bearish pattern. Ftse broke crucial 5800 level and now it will not be an easy job to expect Ftse to complete its probable bullish pattern which I was talking in my last review, though that option is still open for it but for that Ftse has to test around 5900 ranges.
Now an important job for it is to stay above around 5740 levels and I will start thinking positively about it if Ftse able to break 5900 levels. When in past weeks many other stock indexes were showing lower highs and lower lows Ftse were different but now it is also trying to follow them. So if that is true then it will not break around 5900 levels in coming week. Ftse has options in the downside but those are not very clear, in fact those are complex one. So if it drops from here and break 5600 then around 5500 may act as good support for it.
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