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FTSE hits a wall

The FTSE has run into resistance at the 6000-level once more
January 3, 2013

The FTSE has run into resistance at the 6000-level once more, says Mike van Dulken at www.accendomarkets.com.

The three-month and one-month trend remains upwards, with near-term resistance at 5920. The UK index could find a floor for now around 5850 or so. Low volumes threaten to heighten the volatility created by the US ‘fiscal cliff’ stand-off.