Thursday, October 15, 2026

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FTSE100 trades slightly above 10- day MA, jump till 6950 likely

Major resistance – 6772 (10- day MA). Major support – 6610 (Aug 8th 2016 low). The index has recovered sharply from the low of 6692 made yesterday. It is currently trading around 6795. FTSE100 has broken 10- day MA and s…

By FxWirePro Team
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FTSE100 trades slightly above 10- day MA, jump till 6950 likely
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  • Major resistance – 6772 (10- day MA).
     
  • Major support – 6610 (Aug 8th 2016 low).
     
  • The index has recovered sharply from the low of 6692 made yesterday. It is currently trading around 6795.
     
  •  FTSE100 has broken 10- day MA and slight till 6930 (Sep 2nd high)/6956 (Aug 15th 2016 high) is possible.
     
  • On the lower side, support stands at 6695 (55- day EMA)             and break below will drag the index down till 6647 (Sep 13th low)/6488 (100-day MA).

    It is good to sell on rallies around 6720-30 with SL around 6830 for the TP of 6610/6485

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By FxWirePro Team