FTSE recovering after Doha drop
The FTSE 100 is attempting to regain some of the ground lost at the open, driven by crude weakness after discussions in Doha failed to reach a deal. This is likely to provide a bearish shift in sentiment for the week and thus while we are seeing a bounce right now, it is likely to be a retracement before another leg lower.
As such, look out for possible resistance at Fibonacci levels of 50% (6318), 61.8% (6332) and 76.4% (6349). A bullish view would come back into play with a move above 6376.