TipTVFinance

FTSE drops to 100-SMA as anticipated

FX:UK100   FTSE 100 index of UK listed shares
Support – 6061.85, 6036.70, 5933.23

Resistance – 6100, 6178, 6200

  • Daily RSI , at 35.00, shows there room for further downside move.
  • Traders should watch out for a daily close below 6036.70, as it would open doors for cut through buyers around psychological figure of 6000.
  • Short-term loss of momentum and sideways action cannot be ruled out as well.
  • Bearish invalidation is seen only above 200-DMA level.
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