FTSE 100 may rise to 8372.00 - 8389.00

Pivot

8319.00

Our preference

Long positions above 8319.00 with targets at 8372.00 & 8389.00 in extension.

Alternative scenario

Below 8319.00 look for further downside with 8300.00 & 8285.00 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

8402.00 **

8389.00 **

8372.00 ***

8357.00 Last

8319.00 ***

8300.00 **

8285.00 ***

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