sreebhashyam

FTSE - FALL FROM DROPING TRENDLINE

Short
CURRENCYCOM:UK100   FTSE 100 Index
FTSE, one of the strongest of the major index DOW/DAX, today exhibited uneasy moves near the important resistance zone namely around the 7140-60 area. Subsequent minor break around 7110 pushes to session low around 7070 area which is tactical place for short bounce. A direct break below 7060 triggers bigger move down, this time extending below 7000. Sell 7090-7110 area stops 7145 for move towards 7000/6980 once again. If direct break below 7060 add to the shorts.

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