FTSE attempts to break higher
The FTSE 100 is attempting to finally break out of a period of consolidation, with the 6753 level marking both the highest point reached since mid-2015 and the 2007 pre-crash high. Given the fact that we have been largely ranging over the past week, it makes sense to await a breakout rather than expect it.
Thus an hourly close above 6753 would provide a bullish outlook for the day, with the next resistance level of note at 6808. Alternately, an inability to take out this resistance level could see us sell-off towards the 6720 mark ahead of this evening's Federal Open Market Committee meeting.