FTSE100 has lost more than 17% on account of global stock market turmoil and Brexit uncertainty. The index hits low of 6542 and jumped nearly 7%. It trading higher for past one week and broken minor trend line resistance around 6920 and is currently trading around 7000.
Short term trend is weak as long as support 6850 holds. Any violation 6850 will drag the index down till 6672/6540.Further bearish continuation only below 6500 level.
Any break above psychological level of 7000 will confirm further bullishness and a jump till 7146/7212.
It is good to buy on dips around 6930-35 with SL around 6850 for the TP of 7212.

Graf: FTSE 100

Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.