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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…

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FTSE 100 breaks minor trend line resistance, targets 6500
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  • 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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