The FTSE flirted with an escape upwards out of its recent range last week but it was not to be, says Warren Firth at www.globalprimepartners.com.au.
The longer prices meander around resistance levels, the more powerful and likely the FTSE's eventual break higher becomes. Rather than buy in advance of this happening, though, traders should wait until it begins. Go long on a move above 5710, initially targeting 5989. Longer-term investors should continue with a 6491 target.
