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FTSE100 faces major resistance at 6210, break above targets 6350

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…

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FTSE100 faces major resistance at 6210, break above targets 6350
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  • 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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