FTSE 100 ST: bullish bias above 6439.00.
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 **

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