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FTSE100 faces major resistance at 6210, break above targets 6350

Tuesday, May 17, 2016 7:17 AM UTC

Major support – 6140
Major resistance – 6210 (200 day MA)
FTSE100 has recovered after making a low of 6060 yesterday. It is currently trading around 6183
Minor bullishness can happen only if it breaks above 6210 (200 day 4H MA).
Any indicative break above 6210 will take the index to next level till 6235/6285/6300.
Minor trend reversal only above 6350
On the lower side any break below major support 6140 will drag the index down till 6100/6060.

It is good to buy above 6210 SL around 6140 for the TP of 6350/6430

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FTSE100 faces major resistance at 6210, break above targets 6350

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