FTSE-100 technical outlook for October 3, 2014

Interesting chart for the UK FTSE-100 which is now at the low end of the 6.400-6.800 range it has been trading in for the last one year or more. If we see a resolution to the downside, index bears will target 6.200 and then 6.000 before buyers re-emerge. Resistance at 6.500 and 6.600.

FTSE-100, daily chart:

FTSE 100(Daily)20141002

Chart courtesy of investing.com. http://investing.com

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