Resistance – 6200, 6244, 6311
Support – 6119, 6050, 6000
Support – 6119, 6050, 6000
- FTSE’s rebound from 6119 (38.2% of Apr 2015 high-Feb 2016 low) if followed by a day end closing today above daily 200-SMA of 6149 would signal short-term bearish invalidation and open doors for a rise to 6208 (23.6% of Feb low-Apr high).
- On the lower side, rejection at daily 200-SMA followed by a break below 6050 (Thursday’s low) would signal continuation of retreat from April high and expose 5950 levels.
