FTSE regaining ground amid choppy week
Yesterday saw the FTSE 100 lose ground following a sharp V-shaped recovery on Friday. However, this now puts us in a more difficult position where we have both higher highs and lower lows.
As such, there is no distinct trend in place on the shorter/intraday timeframes. A break through 6179 would put us back into a more bullish mindset, whereas a break through 6105 would negate this view.
Resistance levels of note are 6179, 6220 and 6230, whereas support comes in around 6105, 6060 and 6054.