FTSE 100 looks to push higher
As the UK returns from its long weekend, UK traders will have to play catch-up with the market reaction from Friday’s speech. The bounce off 6800 seems to suggest that the index will follow its peers higher, perhaps pushing on through the 6850 area where gains stalled on Friday.
Above here, it will target the 23 August high around 6880, and then on to 6950, last seen in mid-August. If bearish momentum revives from here then we look to the lows of last week at 6780, and below this on to 6650.