On the offshore markets, the FTSE100 Futures Index is developing a technical setup suggesting that we could see upside on an intraday basis. The price trades near it’s trend line support and has breached the downward trend line resistance with a short term pullback. On an intraday basis, traders could look to take a buy/long position in anticipation of a move toward the channel highs.
Buy at 6520
Take Profit Target: 6537