Thursday, October 15, 2026

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FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies

Major Support - 5700 The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821. Short term trend is weak as long as resistance 6000 holds. Any break above 6000 will take…

By Lis Howell
1 min read
FxWirePro: FTSE100 faces strong resistance around 6000, good to sell on rallies
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  • Major Support - 5700
     
  • The index has made a low of 5737 and started to recover from that level. It is currently trading around 5821.
     
  • Short term trend is weak as long as resistance 6000 holds.
     
  • Any break above 6000 will take the index to 6200/6285. The minor resistance is around 5860/5890/5950.
     
  • On the lower side any break below 5700 will drag the index till 5635/5595 level.

It is good to sell on rallies around 5920 with SL around 6000 for the TP of 5800/5700

 

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By FxWirePro Team