FTSE above lows but more work to be done
Although still off the lows for the week, the area towards 6000 is proving problematic for the FTSE 100. The index has tried hard to make gains, but until we do push through 6000 the sellers still have the upper hand. Downside support is to be found in the direction of the Monday lows sub-5800. Any rally above 6100 would be regarded as a firm turnaround in sentiment, and while the index holds above 5900 I remain cautiously optimistic.