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Analysis:
The rally was sold and the dip bought resulting in mild net losses yesterday. An overnight negative theme in Equities has led to a lower open this morning.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Bespoke support is located at 40985. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
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