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FTSE 100 breaks minor trend line resistance, targets 6500

  • FTSE 100 is facing strong trend line resistance at 6415 (trend line joining 6751 and 6453) and any break above confirms short term bullishness, a jump till 6500/6550 is possible .

  • The index minor trend line resistance is around 6390.

  • On the downside minor support is around 6350 and any break below targets 6320/6300/6270.

  • Short term Bullish invalidation only below 6350 level.

It is good to buy around 6395-6400 with SL around 6350 for the TP of 6495/6550

 

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