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FTSE100 breaks major resistance 6220, jump till 6350 is possible

  • Major  Resistance – 6220
     
  • Major support – 6100
     
  • FTSE100 has recovered after making a low of 6114 yesterday and jumped till 6215 at the time of                 writing. It is currently trading around 6221.
     
  • Short term trend is slightly bullish as long as support 6140 holds.
     
  • On the lower side any break below 6140 will drag the index down till 6100/6040 ins short term.
     
  • Short term trend reversal only below 6000.
     
  • Any break above major resistance will take the index to next level 6275/6325.

It is good to buy at dips around 6210-15 with SL around 6140 for the TP of 6275/6320/6350.

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