The FTSE’s dip towards 6000 means it has made a 1750-point round trip since the start of the year, says Mike van Dulken at www.accendomarkets.com.
The sideways pause between 6085 and 6130 bodes well for renewed strength to back above 6200, as do soothing words from central bankers outside the US. The two-year trend is still solidly upwards, while resistance lies above at 6220, 6390 and then 6550.
