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UK 100 @ 5,938. Is 6,000 on the cards today?

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2 Responses

  1. Marc Kimsey says:

    FTSE100 failed at 5995pts just a couple of weeks back. The psychology level of 6000pts coming in to play, automatic profit limits and sell orders being triggered?

    I would expect turbulence around 6000.

    Perhaps consider booking profits on the approach and wait for a breach or fail once again.

  2. Lee Armitage says:

    With the heavyweight sectors (Banks and Miners) having a strong session this morning 6000 is certainly achievable.

    Having said that, there are a couple of technical resistance levels that will need to be breached before a move onto 6000 is seen. The first is around 5949 with the next being 5973.

    Should both those levels be breached today then there is no reason 6000 couldn’t be seen.

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