FTSE 100 may rise to 8359.00 - 8389.00

Intraday: limited upside.

Pivot

8285.00

Our preference

Long positions above 8285.00 with targets at 8359.00 & 8389.00 in extension.

Alternative scenario

Below 8285.00 look for further downside with 8259.00 & 8248.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

8402.00 **

8389.00 **

8359.00 ***

8338.00 Last

8285.00 ***

8259.00 **

8248.00 ***

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

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.

Join us on social media

Trading Central

Related Posts

Analysis

Natural Gas (NYMEX) may rise to 2.3700 - 2.4600

(OCT4) intraday: short term rebound towards 2.3700 Our pivot point stands at 2.1200. Our preference Short term rebound towards 2.3700. Alternative scenario The downside breakout of 2.120...

Analysis

The Federal Funds Rate Announcement: How Will it Impact Markets?

The Federal Reserve's anticipated Funds Rate announcement on Wednesday 18th September 2024 has been the topic of much conversation among analysts recently. As US inflation eases, the forecast...

Analysis

GBP/USD may fall 26 - 46 pips

Intraday: under pressure. Pivot 1.3190 Our preference Short positions below 1.3190 with targets at 1.3130 & 1.3110 in extension. Alternative scenario Above 1.3190 look for further upsid...

Analysis

Weekly Market Analysis for 16th September 2024

This week is set to bring a wave of significant economic events and data releases, creating ample trading opportunities for both intraday and swing traders. While Monday lacks major economic ...