Index

FTSE 100 is neutral

2024-05-27

Pivot

8495.00

Our preference

Short positions below 8495.00 with targets at 8264.00 & 8125.00 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

8317.59 Last

8264.00

8125.00

8045.00

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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