FTSE 100 futures eye technical support levels on the opening later this morning

The FTSE 100 was the best of a bad bunch when it came to the losses seen across the major European stock markets. The index handed back 0.78%, compared to 0.93% for the CAC 40 and 0.97% for the DAX. The FTSE 100 closed 65 points lower, at 8,298. The slide in Oil prices was a major driver for the falls and given the extent of those, it was perhaps a surprise the FTSE 100 did not fall harder. That said, the FTSE 100 futures are under pressure this morning following the slide into the close across the US markets and losses in Asia today. Right now the FTSE 100 is set to open below 8,225 and that means it could potentially fall below its 50 moving average once more. That was in place as of the close last night, at 8,230. The 100 day was close by too, at 8,220.