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FTSE100 trades slightly above 21- day MA, jump till 6950 likely

Tuesday, September 20, 2016 7:42 AM UTC

Major resistance – 6798 (21- day MA).
Major support – 6700 (55- day EMA).
The index has broken major resistance at 21- day MA at 6798 and jumped till 6822 at the time of writing . It is currently trading around 6822.
FTSE100 has broken 21- day MA and slight till 6930 (Sep 2nd high)/6956 (Aug 15th 2016 high) is possible.
On the lower side, support stands at 6700 (55- day EMA) and break below will drag the index down till 6647 (Sep 13th low)/6488 (100-day MA).

It is good to buy on dips around 6780-6790 with SL around 6700 for the TP of 6930/6956.

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FTSE100 trades slightly above 21- day MA, jump till 6950 likely

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