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FxWirePro: FTSE100 struggles to close above 6200, good to sell on rallies

  • Major resistance -6220
     
  • Major support -6100 (trend line joining 5494 and 5628)
     
  • FTSE100 has retreated after making a high of 6219. It is currently trading around 6161.
     
  • Short term trend is slightly weak as long as resistance 6220 holds.
     
  • Any break above 6220 will take the index to next level 6300/6325 ins short term.
     
  • On the lower side major support is around 6100 and break will drag the index down till 6040/6000/5945.

It is good to sell on rallies around 6165-6170 with SL around 6220 for the TP of 6045

 

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