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FTSE100 faces strong resistance around 6210, break above targets 6325

Major resistance - 6210 (trend line joining 6874 and 6764) Minor support - 6149 The index has made a high of 6209 at the time of writing and slightly retreated from that level. It is currently trading around 6180. Short …

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FTSE100 faces strong resistance around 6210, break above targets 6325
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  • Major resistance - 6210 (trend line joining 6874 and 6764)
     
  • Minor support - 6149
     
  • The index has made a high of 6209 at the time of writing and slightly retreated from that level. It is currently trading around 6180.
     
  • Short term trend is weak as long as support 6118 holds.
     
  • On the higher side any break above 6210 will take the index to next level 6280/6325.

    It is good to buy above 6210 with SL around 6149 for the TP of 6325

 

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