FTSE 100 may fall to 8000.00 - 8170.00

Pivot

8475.00

Our preference

Short positions below 8475.00 with targets at 8170.00 & 8000.00 in extension.

Alternative scenario

Above 8475.00 look for further upside with 8595.00 & 8700.00 as targets.

Comment

As long as 8475.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8700.00

8595.00

8475.00

8243.08 Last

8170.00

8000.00

7916.00

Number of asterisks represents the strength of support and resistance levels.