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With time ticking down until the EU referendum on Thursday, it is not surprising to see the index stalling just below 6250. The rally is still intact, and indeed notched up a decent move yesterday, so for the time being we may see hesitancy creep in.
Looking to the longer-term a break above 6300 targets the April high around 6400. A vote to leave the EU should see significant moves lower, with a break below 6000 and then last week’s low around 5900 opening the way to 5800 and then 5600.