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Long

FTSE100 breaks major resistance 6220, jump till 6350 is possible

FX:UK100   The FTSE 100 Index
75 0 8
Major Resistance – 6220

Major support – 6100

FTSE100 has recovered after making a low of 6114 yesterday and jumped till 6222 at the time of writing. It is currently trading around 6220.

Short term trend is slightly bullish as long as support 6140 holds.

On the lower side any break below 6140 will drag the index down till 6100/6040 ins short term.

Short term trend reversal only below 6000.

Any break above major resistance will take the index to next level 6275/6325.

It is good to buy at dips around 6210-15 with SL around 6140 for the TP of 6275/6320/6350.

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