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> FTSE weighed down amid the UK lockdown – FTSE 100 Market Outlook – 02/11/2020
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FTSE weighed down amid the UK lockdown – FTSE 100 Market Outlook – 02/11/2020

SquaredFinancial

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The latest lockdown announcements out of the UK, as PM Borris Johnson reinstated partial lockdowns outweighed some positive news on the Brexit front, as the FTSE 100 trades in a narrow side-way channel with 5540/5600 lower/upper band with technicals slightly favoring retest of upper band/resistance level at 5600. UK Manufacturing PMI data in focus.

Support: 5540/ 5500
Resistance: 5600/ 5640

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/ftse-weighed-down-amid-the-uk-lockdown-ftse-100-market-outlook-02-11-2020
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