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Oil and Miners prop up the FTSE 100

25.04.08

In terms of overall movements it has been fairly quiet and the FTSE 100 index has gone nowhere this week, but our portfolios have enjoyed an excellent performance. We have seen good gains amongst many of our long and short positions, pushing the total returns on portfolio number three to a new high (55%), so it continues to show that CFD profits can be made in any market conditions.

In term of where we go next, the pattern on the FTSE 100 index looks mixed in the short term and there are also divergent technical signs appearing in our US analysis, so overall it could be more of the same for a week or two. The main point to make is that the big hitting sectors are showing completely different movements in the UK, with the oils and miners having been very strong, the financials weak and the drug majors rather non-committal.

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