FxWirePro: FTSE100 struggles to close above 6200, good to sell on rallies

• Major Resistance – 6240
   
• Major support – 6100
   
• FTSE100 has retreated once again after making a high of 6217 yesterday. It has closed around 6170.
   
• Short term trend is slightly weak as long as resistance 6240 holds.
   
• On the lower side minor support is around 6140 and any break below 6140 will drag the index down till 6100/6040 in short term.
   
• Short term trend reversal only below 6000.
   
• Any break above major resistance 6240 will take the index to next level 6275/6325.

It is good to sell on rallies around 6190-6200 with SL around 6240 for the TP of 6100/6010.