FTSE 100 ST: bullish bias above 6439.00.

UK100

Trading Central 2021-01-13 21:06:05

Pivot: 6439.00

Our preference: long positions above 6439.00 with targets at 6960.00 & 7140.00 in extension.

Alternative scenario: below 6439.00 look for further downside with 6263.00 & 6120.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

7300.00 **

7140.00 **

6960.00 ***

6742.14 Last

6439.00 ***

6263.00 ***

6120.00 **

Disclaimer

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