FTSE 100 puts bulls in charge
The range that dominated for most of May has been broken, and in fine style. The close above 6200 hands the initiative back to the bulls, but with prices overbought intraday we could see some hesitation ahead of the US open.
However, it looks like the move higher has begun, so we look to 6350 and then 6430. A drop back below 6200 would offset some of the bullish outlook, but it looks like dips will be bought from this point onwards.