FTSE 100 may rise to 8400.00 - 8474.00

Pivot

8260.00

Our preference

Long positions above 8260.00 with targets at 8400.00 & 8474.00 in extension.

Alternative scenario

Below 8260.00 look for further downside with 8209.00 & 8160.00 as targets.

Comment

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

Supports and resistances

8500.00 **

8474.00 **

8400.00 ***

8381.44 Last

8260.00 ***

8209.00 **

8160.00 ***

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