FTSE 100 weekly technical analysis for 21 to 25 march 2016
FTSE 100 index this week closed with gain. After last week profit booking, this index resumed recovery rally. Weekly chart price trend is down but momentum is bullish on account of recovery phase. On upside my target is 6305 and if ftse cross this levels then expect 6500+ target for calendar month of March. On downside major support is deep downside at 5900. Traders hold long positions for ftsewith price targets 6300 and then possibly 6500 with strict trailing stop loss.