FxWirePro
Short

FTSE100 recovers after gap down opening, good to sell on rallies

FX:UK100   FTSE 100 Index
173 1 9
Major resistance -6375

The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309.

Short term trend is still weak as long as resistance 6375 holds. Any break above 6375 will take the index to next level till 6400/6440 (200 W MA).

The index should close above 6440 for further bullishness .Any close above 6440 will take the index to new 2016 high till 6487/6510 level.

On the lower side major support is around 6215 (200 day MA) and break below targets 6160/6130 (55 day EMA )/6060.The minor support is at 6240.

It is good to sell on rallies around 6310-15 with SL around 6377 for the TP of 6220/6160/6135.

looks strong today though
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out