FTSE 100 foiled by the 6100 area
After yesterday’s heavy falls the index is trying to recover, but continues to have trouble with the 6100 area. To restore the bullish outlook we will need to see a daily close back above 6200, and then on to 6260. For the moment 6000 is providing support, with a close below here pushing the index back in the direction of 5850, and possibly even as far as the lows of the month, below 5800.
The daily pivot at 6079 will be key for the time being, as gains falter above this mark. First line intraday support is available at 5914 and then 5816.