Thursday, October 15, 2026

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FTSE 100 faces strong resistance around 5950 , break above targets 6050

Major resistance -5950 Major support -5780 (55 day H EMA) The index has broken 5880 (Yesterday's high) and jumped till 5900 at the time of writing. It is currently trading around 5896. Short term trend is slightly bullis…

By Lis Howell
1 min read
FTSE 100 faces strong resistance around 5950 , break above targets 6050
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  • Major resistance -5950
     
  • Major support -5780 (55 day H EMA)
     
  • The index has broken 5880 (Yesterday's high) and jumped till 5900 at the time of writing. It is currently trading around 5896.
     
  • Short term trend is slightly bullish as long as support 5780 holds.
     
  • On the lower side any break below 5780 will drag the pair down till 5720/5645.
     
  • Any break above 5950 will take the index till 6000/6050.

 

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

 

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