The latest UK labour data showed that the jobless rate fell to 5.4% in August from 5.5% reported in July, which confirms that, apart from the fragile prospects for inflation, the UK economy is ready for higher interest rates. Wage growth rose to 3.0% and the employment rate ticked higher to an all-time high of 73.6%. It was not enough to renew 2015 Bank of England (BoE) rate hike bets but it was enough to prevent traders pushing their 2016 projections further down in time. The Index rose more than 4.0% since the start of the month and fell more than 1.5% year to date plus is in a well-established recovery phase since the beginning of October. Last week, FTSE 100 initially fell but found enough buying pressure to turn around and to close in the red near the open of the week, creating an inside week. The stochastic is showing a strong bullish momentum and is crossing above the 50 mid line. Expecting an upward move to a key level at 6,549.5 on a break above previous week high at 6,382 (scenario 1) or a break below previous week low at 6,227.0 may push the Index downward to a weekly support at 6,042.0 (scenario 2). UK100 is a CFD written over FTSE 100 futures.