Thursday, October 15, 2026

Technicals

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FTSE100 breaks minor trend line support, targets 6040/6000

Major resistance - 6200 Minor support - 6160 (trend line joining 6112 and 6120) The index has retreated after making a high of 6198 and is currently trading around 6130. Short term trend is still weak as long as resistan…

By FxWire Pro
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FTSE100 breaks minor trend line support, targets 6040/6000
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  • Major resistance - 6200
     
  • Minor support - 6160 (trend line joining 6112 and 6120)
     
  • The index has retreated after making a high of 6198 and is currently trading around 6130.
     
  • Short term trend is still weak as long as resistance 6200 holds.
     
  • On the lower side major support is around 6100 and any break below targets 6040/6000/5985.
     
  • The minor resistance is around 6175 and break above will take the pair till 6200/6220

It is good to sell on rallies around 6140-6145 with SL around 6200 for the TP of 6040/6000

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