FTSE100 faces strong resistance around 6210, break above targets 6325
Wednesday, March 2, 2016 9:09 AM UTC
- Major resistance - 6210 (trend line joining 6874 and 6764)
- Minor support - 6149
- The index has made a high of 6209 at the time of writing and slightly retreated from that level. It is currently trading around 6180.
- Short term trend is weak as long as support 6118 holds.
- On the higher side any break above 6210 will take the index to next level 6280/6325.
It is good to buy above 6210 with SL around 6149 for the TP of 6325