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Add as a preferred source on Google FTSE100 faces strong resistance at 6055, decline till 5880 is possible Major resistance -6055 (trend line joining 6322 and 6129) Major support - 5880 The index has broken minor resistance 6000 and jumped till 6054. It is currently trading around 5986. Short term trend is slightly bearish as…
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Major resistance -6055 (trend line joining 6322 and 6129)
Major support - 5880
The index has broken minor resistance 6000 and jumped till 6054. It is currently trading around 5986.
Short term trend is slightly bearish as long as resistance 6055 holds.
On the higher side any break above 6055 will take the index to next level around 6125/6154.
The index minor support is around 4960 and break below targets 4625/4880.
It is good to sell on rallies around 6000-6010 with SL around 6055 for the TP of 5885
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