FTSE 100 could see 6380
Yesterday’s high water mark came around 6450, with the index gradually moving lower following this. The 6380 level is key to watch, having acted as support on 22 October and before that as resistance on 21 October.
A break through here would target 6300 itself, and beyond that 6250. As things stand the 100-day SMA at 6439 is the area to watch for any upside breakout, but it looks increasingly likely that bullish momentum is on the wane.
Any extended period below 6400 is likely to result in extended declines.