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Short

FTSE100 faces strong resistance at 6210, good to sell on rallie

FX:UK100   FTSE 100 Index
129 1 4
Major resistance – 6210 ( trend line joining 6874 and 6764)

Major support – 6080

The index has retreated after making a high of 6209. It is currently trading around 6123.

Short term trend is weak as long as resistance 6210 holds.

On the higher side any break above 6210 will take the index to next level 6280/6325

Any break below 6080 confirms minor weakness, a decline till 6050/6000 is possible

It is good to sell on rallies around 6160-65 with SL around 6209 for the TP of 6085/6055
Sl hit. But nice try! Thank you!
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