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FTSE to fly higher

The FTSE is range-bound for now but should break substantially higher before long
November 15, 2012

The FTSE is stuck in a dull sideways pattern but could trade down to as low as 5675, says Warren Firth at www.globalprimepartners.com.au.

This would be a fairly insignificant blip within the UK index's larger bull market and purge some of the weaker buyers, setting up a nice rally into the end of the year. Stay long here, buying any dips to 5680. The target is 6491.