FTSE weekly : major support is at 5905

FTSE future weekly technical analysis for 28 march to 1 april 2016

FTSE future weekly technical analysis for 28 march to 1 april 2016

Ftse 100 index this week closed with loss. On weekly chart ftse future is trading in range of 6000 to 6200. But overall trend still bearish and this week negative closing suggesting downside momentum.   For next week, 5900 is major key support level. Next week ftse might test this level and then decide to trend higher or lower. Reversal from 5900 will be best buying opportunity. On upside target is still at 6300+.

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Pramod Baviskar

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