FTSE 100 may fall to 8149.00 - 8180.00

Pivot

8315.00

Our preference

Short positions below 8315.00 with targets at 8180.00 & 8149.00 in extension.

Alternative scenario

Above 8315.00 look for further upside with 8369.00 & 8406.00 as targets.

Comment

As long as 8315.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8406.00 **

8369.00 **

8315.00 ***

8251.00 Last

8180.00 ***

8149.00 **

8100.00 ***

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