FTSE 100 brings out fresh buyers
The endless chop in this index goes on, with little able to dislodge it. The early move back to 6200 this morning merely leaves it at the top end of its current range, with a close above 6220 still needed to confirm fresh bullish momentum.
However, it looks as if dips back towards 6150 and even 6100 will still bring out fresh buyers. The story here remains the same as for most of this month – until 6100 or 6220 is firmly broken, the range-bound trading will go on.