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FxWirePro: FTSE100 struggles to break above 6000, good to sell on rallies

  • Major resistance - 6010 (trend line joining 6322 and 6129)
     
  • FTSE100 has slightly recovered after making a low of 5915. It is currently trading around 5948.
     
  • Short term trend is slightly weak as long as resistance 6010 holds.
     
  • On the higher side any break above 6010 will take the index to next level till 6055/6120.
     
  • The index minor support is around 5920 and break below targets 5865/5800.

It is good to sell on rallies around 5960-65 with SL around 6010 for the TP of 5865

 

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