FTSE 100 (ICE Europe) may fall to 8248.00 - 8284.00

Pivot

8365.00

Our preference

Short positions below 8365.00 with targets at 8284.00 & 8248.00 in extension.

Alternative scenario

Above 8365.00 look for further upside with 8401.00 & 8433.00 as targets.

Comment

As long as 8365.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8433.00

8401.00

8365.00

8325.50 Last

8284.00

8248.00

8170.00

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