FTSE100 breaks major resistance 7130, jump till 7300 likely
Major resistance – 7130 (Oct 11th high). Major intraday support -6995 (10- day MA) . The index breaks major resistance at 7130 and slightly jumped till 7206 yesterday. FTSE100 hits 20 months high and is currently trading…
The index breaks major resistance at 7130 and slightly jumped till 7206 yesterday. FTSE100 hits 20 months high and is currently trading at 7172.
On the higher side, index has broken 7130 the temporary top formed on Oct 11th 2016 and a jump till 7300 likely.
The major intraday support of the index stands at 7065 (10- day MA) and any break below targets 7000 (21- day EMA). Short term trend reversal only below 6610.
It is good to buy on dips around 7120 with SL around 7000 for the TP of 7300/7500.
