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O'Hare: FTSE corrective rally still has legs

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The FTSE corrective rally still has further to go, says Steve O'Hare from First for Trading. He says there are three consecutive positive performance candles to note - a bullish piercing line, a bullish inverted hammer and a bullish gap open higher. 

Although he remains bearish on equities he thinks there is still a little more left in this. He is looking to set longs on the open this morning around 6800 or better.

Targets: 6865 and 6900
Stop: 6770