Thursday, October 15, 2026

Technicals

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FTSE 100 breaks trend line resistance, targets 5950

Major trend line resistance -5780 (Trend line joining 6129 and 6085) Major support -5720 The index has broken major resistance 5780 and jumped till 5837. It is currently trading around 5805. Short term trend is slightly …

By Lis Howell
1 min read
FTSE 100 breaks trend line resistance, targets 5950
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  • Major trend line resistance -5780 (Trend line joining 6129 and 6085)
     
  • Major support -5720
     
  • The index has broken major resistance 5780 and jumped till 5837. It is currently trading around 5805.
     
  • Short term trend is slightly bullish as long as support 5720 holds.
     
  • On the lower side any break below 5720 will drag the pair down till 5669/5600

It is good to buy at dips around 5800 with SL around 5720 for the TP of 5950

 

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