FTSE100 breaks minor trend line support, targets 6040/6000
Major resistance - 6200
Minor support - 6160 (trend line joining 6112 and 6120)
The index has retreated after making a high of 6198 and is currently trading around 6130.
Short term trend is till weak as long as resistance 6200 holds.
On the lower side major support is around 6100 and any break below targets 6040/6000/5985.
The minor resistance is around 6175 and break above will take the pair till 6200/6220
It is good to sell on rallies around 6140-6145 with SL around 6200 for the TP of 6040/6000
Minor support - 6160 (trend line joining 6112 and 6120)
The index has retreated after making a high of 6198 and is currently trading around 6130.
Short term trend is till weak as long as resistance 6200 holds.
On the lower side major support is around 6100 and any break below targets 6040/6000/5985.
The minor resistance is around 6175 and break above will take the pair till 6200/6220
It is good to sell on rallies around 6140-6145 with SL around 6200 for the TP of 6040/6000