FTSE breakout points to gains
The index has finally broken out from it’s almost two month range, with crude prices providing the boost needed to push through 6237. The extension of this means we are likely to see this follow through, as is being seen this morning.
Pullbacks will be worth watching out for as buyers seek to enter at a more advantageous price. The bullish view holds unless we see a closed hourly candle back below 6237. Until then, a bullish outlook is in play, with 6324 the next key resistance level.