Index

FTSE 100 is neutral

2024-07-01

Pivot

8400.00

Our preference

Short positions below 8400.00 with targets at 8100.00 & 7970.00 in extension.

Alternative scenario

Above 8400.00 look for further upside with 8495.00 & 8610.00 as targets.

Comment

As long as 8400.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8610.00

8495.00

8400.00

8209.43 Last

8100.00

7970.00

7795.00

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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