FTSE 100 INTRADAY trend reversal below 8760 level

Key Trading Levels:

Resistance: 8760, 8850, 8910, 8990

Support: 8616, 8536, 8460

Market Sentiment:
Bearish intraday bias following a corrective pullback from overbought conditions.

Bearish Scenario:
The FTSE 100 has broken below the rising trendline and the previous consolidation range, establishing 8760 as a key resistance level.
An oversold bounce from current levels could face rejection at 8760, reinforcing bearish momentum.
A failure to reclaim 8760 may accelerate selling pressure, targeting downside support at 8616, followed by 8536 and 8460.

Bullish Scenario:
A sustained breakout above 8760 with a daily close higher would negate the bearish outlook.
A bullish continuation could drive the index toward 8850, with further upside targets at 8910 and 8990.

Conclusion:
Intraday sentiment remains bearish unless FTSE 100 reclaims 8760. A rejection at this level could intensify selling pressure toward lower support levels. Conversely, a breakout above 8760 and a strong close would indicate a resumption of the broader uptrend, targeting higher resistance zones.


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