Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FTSE100 breaks minor trend line support, targets 6832/6767

  • Major resistance -7070
     
  • Major support – 7000
     
  • FTSE 100 breaks the 7000 (trend line joining 6767 and 6935) and declined till 6971 at the time of writing. It is currently trading around 6980.
     
  • On the lower side, any break below 7000 confirms minor trend reversal decline till 6935/6892 (200- 4H MA)/6831 (61.8% retracement of 6646 and 7130)/6767.
     
  • The major resistance is around 7070 and any violation above 7070 targets 7130/7155.
     
  • Overall trend reversal only above 7130.

It is good to sell on rallies around 6985-6990 with SL around 7070 for the TP of 6835/6770.  

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.