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FTSE buyers could take index to 6140
After losing over 300 points over the past two weeks, the FTSE 100 has now hit the bottom end of the rising channel that has been in effect since late August. If the area around 6020 holds as support, we may we may see some buying develop, which could take the index back on towards 6140 and then 6230. A breakout through the bottom of the channel and back below 6000 would suggest we are going to test support around 5900 and then on towards the August lows.