FTSE 100 looks to turn lower
The bullish trend may be holding on for the index, just, but it looks under pressure. A close below 6100 would likely indicate that the brief rally has ended and that the next move is down.
Gains have been capped by the 200-day simple moving average (SMA), 6175, while 6100 acts as support, so we wait to see which of these levels breaks first. A move down would head towards 6040 and then 5927, while a rally would push in the direction of 6280 and then 6400.