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Instrument: UK100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 7623.3 with take profit at 7635.1
Bearish Preference:
A sell position is envisaged if the price trades below 7576.7 with take profit at 7565.8
Fundamentals:
None with High Impact
Comment:
Major stocks stumbled on Thursday, and the dollar rose as the impasse in negotiations to raise the debt ceiling undermined risky assets on worries about the hit to the global economy if the U.S. government defaults.
Analysis: SCRUM Team
