FTSE 100 may fall to 8224.00 - 8248.00

Pivot

8324.00

Our preference

Short positions below 8324.00 with targets at 8248.00 & 8224.00 in extension.

Alternative scenario

Above 8324.00 look for further upside with 8355.00 & 8383.00 as targets.

Comment

As long as 8324.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8383.00 **

8355.00 **

8324.00 ***

8284.00 Last

8248.00 ***

8224.00 **

8200.00 ***

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