UK100 - Intraday - We look to Sell at 6320 (stop at 6360)
Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Expect trading to remain mixed and volatile. We look for a temporary move lower. Preferred trade is to sell into rallies. Our profit targets will be 6200 and 6160