Last week I was suspecting that Ftse does not stay above 5830 in early days then it may not test 5900 level. But time has not come yet to talk about of multiple bearish options; I will talk about them when Ftse will break 5650 level in the downside. Ftse is trying to break a crucial trend line which it is following from June, if it breaks that then the bearish view will get strength.
On the other hand if it able to stay above 5800 then it may again try to test 5900 ranges. Here I must say that Ftse has created a complex medium term bullish pattern which indicates that it may try above 6200 level in coming future but I am not too much sure about that. Overall Ftse remains flat during last few weeks but I think so long it stays above 5800 the chance of more up moves is quite expected.
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