FTSE choppy amid low volume
The FTSE 100 is clearly moving from a trending market to a choppy, sideways one. This makes trading significantly more difficult.
However, for today, it seems as if we are seeing a symmetrical triangle formation in play and thus the breakout will give us some idea of forthcoming direction.
As such, a break lower, with a close below 6016 would provide a bearish view with support levels of 5990, 5969 and 5940 in view. Alternately, a closed hourly candle above 6115 would provide a bullish view with resistance levels of 6168, 6174 and 6251.