Market Resilience Despite global market turbulence, the FTSE 100 is holding firm, trading within a 60-point range around the 8,150 mark. London’s recovery contrasts sharply with Wall Street’s week-on-week decline, underscoring the FTSE’s defensive appeal.
Technical Analysis The FTSE 100 is currently hovering near a key support level at 8,150. A sustained move above this level could signal further bullish momentum, potentially targeting the 8,200 resistance zone. If the index breaks below 8,100, it may test lower support levels around 8,050.
Trading Strategy Consider buying on dips near 8,150 with a stop-loss at 8,100, targeting 8,200. For more cautious traders, waiting for a confirmed break above 8,200 before entering long positions might be prudent.
