FTSE 100 looks to put the bulls in charge
A dip yesterday was swiftly followed by buying that took the index to the top-end of the range of 6200/6220. So far we are still stuck below 6220, but the fact that the dip was met with buying is encouraging for the bulls.
A real breakout towards 6260 and the 200-day simple moving average is still needed, but the week is looking to end with the bulls in charge. Sellers will have to wait for a close below 6100 at least.