FxWirePro: FTSE100 faces major support around 6040, good to buy at dips

• Major support - 6040 (55 day H EMA)
   
• Major resistance - 6103 (trend line joining 6116 and 6106)
   
• The index has formed a temporary bottom around 6040 and started to recover from that level. It is currently trading around 6079.
   
• On the lower side any break below major support 6040 will drag the index down till 6000/5970.
   
• Short term bullish invalidation only below 5975 (trend line joining 5494 and 5483)
   
• FTSE100 resistance is around 6103 and any break above targets 6129/6170/6200.

It is good to buy at dips around 6070 with SL around 6035 for the TP of 6129/6170