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FTSE 100 could drop to 5600
A choppy day yesterday saw the index move in a range of about 100 points. So far today any attempt to get to 5950, the top end of this area, has been defeated, with 5900 acting as a magnet.
A break above 5950 would be regarded a bullish, although 6000 is still active as resistance, while a move below 6850 would head towards Tuesday’s lows around 5800.
Any sustained action below this area suggests we will see a drop to 5600.