A break of key support for FTSE will likely trigger a move towards 6400, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Dodd says that the FTSE 100 is currently in a relief rally from the 6697 low and that 6697 is a key level that will soon be coinciding with the neckline of a potential head-and-shoulders pattern. A break below this level will probably push FTSE towards the next key support at 6412.
Read the full report, including an analysis of the following futures markets:
Dow Jones Industrial Average
Dow Jones Transportation
STOXX Europe 600
EURO STOXX 50