FTSE buyers in control
A steady march higher has taken the FTSE back to the 200-day SMA (6772) for the first time this month. The index now finds itself sandwiched between the 200-day and the 50-day SMA at 6714. Just beyond the 200-day is the July peak around 6800, with a push beyond here likely to test the 6850 zone seen in June.
Support is likely to enter the fray around the 6650 zone, should we start to see a retracement, but for the moment the buyers seem to firmly have the upper hand.