FTSE100 faces strong resistance at 6065,break above targets 6170
Major resistance – 6065 (Feb 17th high)
Major support -5990
The index has made a high of 6051 yesterday and closed at 6049. Short term trend is slightly bullish as long as support 5990 holds.
On the higher side major resistance is around 6065 and break above targets 6129/6167/6320.
The index major support is around 5990 and break below targets 5965/5915.
Short term bullish invalidation only below 5840 level.
It is good to buy only above 6065 with SL around 5990 for the TP of 6129/6170/6200
Major support -5990
The index has made a high of 6051 yesterday and closed at 6049. Short term trend is slightly bullish as long as support 5990 holds.
On the higher side major resistance is around 6065 and break above targets 6129/6167/6320.
The index major support is around 5990 and break below targets 5965/5915.
Short term bullish invalidation only below 5840 level.
It is good to buy only above 6065 with SL around 5990 for the TP of 6129/6170/6200
