FTSE 100 is neutral

Pivot

8495.00

Our preference

Short positions below 8495.00 with targets at 8135.00 & 8005.00 in extension.

Alternative scenario

Above 8495.00 look for further upside with 8610.00 & 8700.00 as targets.

Comment

As long as 8495.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8700.00

8610.00

8495.00

8211.12 Last

8135.00

8005.00

7810.00

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