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FxWirePro: FTSE100 faces major resistance at 6210, good to sell on rallies

Friday, May 13, 2016 8:08 AM UTC

Major support - 6100
FTSE100 has declined after making a high of 6196 yesterday. It is currently trading around 6086
Short term trend is slightly weak as long as resistance 6210 holds. Minor bullishness can happen only if it breaks above 6210 (200 day 4H MA).
Any indicative break above 6210 will take the index to next level till 6235/6285/6300.
Minor trend reversal only above 6350
On the lower side any break below major support 6100 will drag the index down till 6000/5850.

It is good to sell on rallies around 6120-6130 with SL around 6210 for the TP of 6000/5860

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FxWirePro: FTSE100 faces major resistance at 6210, good to sell on rallies

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