The ALSI trade this morning has been choppy, with up and down swings, but the general trend remains up. For the past week we've been trading sideways in a 200 point range between 25400 and 25600, with support and resistance at both these levels.A breakout through either of these levels could give some market direction.
The US unemployment rate figures are released at 14:30 this afternoon, and we expect the market to trade sideways until then.
Old Mutual posted good results this morning and is trading up 3% at 1469c.
Safe trading
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