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.

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