Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: FTSE100 struggles to break above 6210, good to sell on rallies

  • Major resistance - 6210 (trend line joining 6874 and 6764)
     
  • Major support - 6080
     
  • The index has recovered after making a low of 6098. It is currently trading around 6157.
     
  • Short term trend is weak as long as resistance 6210 holds.
     
  • On the higher side any break above 6210 will take the index to next level 6280/6325
     
  • Any break below 6080 confirms minor weakness, a decline till 6050/6000 is possible. The minor support is around 6120.

It is good to sell on rallies around 6160-65 with SL around 6209 for the TP of 6085/6055.

  • Market Data
Close

Welcome to EconoTimes

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