Major support – 7290 FTSE100 formed a minor bottom around 7292 on Jun 30th 2017 and shown a minor jump from that level. The index jumped till 7389 (Jul 10th 2017 high) and is currently trading around 7309. On the lower a…
FTSE100 formed a minor bottom around 7292 on Jun 30th 2017 and shown a minor jump from that level. The index jumped till 7389 (Jul 10th 2017 high) and is currently trading around 7309.
On the lower any break below major support at 7290 will drag the index down till 7195 (Apr 28th 2017 low)/7092 (Apr 19th 2017 low).
The near term support is around 7385 (55- 4H EMA) and any break above will take the index till 7403 (89- 4H EMA)/7430 (200- day MA).
Minor bullishness can be seen only if it closes above 7430.
It is good to sell on rallies around 7355-7360 with SL around 7431 for the TP of 7290/7195.
