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FTSE 100 faces minor resistance around 5962, break above targets 6025/6065

Major Intraday resistance - 5962 (trend line joining 6066 and 6024) Major support - 5840 (trend line joining 5494 and 5517) The index has recovered after making a low of 5843. It has closed at 5949. Short term trend is s…

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FTSE 100 faces minor resistance around 5962, break above targets 6025/6065
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  • Major Intraday resistance - 5962 (trend line joining 6066 and 6024)
     
  • Major support - 5840 (trend line joining 5494 and 5517)
     
  • The index has recovered after making a low of 5843. It has closed at 5949. Short term trend is still bullish as long as support 5840 holds.
     
  • On the lower side minor support is around 5915 and break below targets 5865/5840.
     
  • Any break above 5962 will take the index to next level 6025/6066.

It is good to buy above 5962 with SL around 5915 for the TP of 6025/6066

 

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