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FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies

  • Major Support - 5700
     
  • The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821.
     
  • Short term trend is weak as long as resistance 6000 holds.
     
  • Any break above 6000 will take the index to 6200/6285. The minor resistance is around 5860/5890/5950.
     
  • On the lower side any break below 5700 will drag the index till 5635/5595 level.

It is good to sell on rallies around 5920 with SL around 6000 for the TP of 5800/5700

 

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