FTSE 100 is neutral

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

8146.86 Last

8100.00

7970.00

7795.00

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