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FTSE 100 set for a higher opening this morning

Yesterday the FTSE 100 came under further pressure once the 8,200 level caved in. That later saw the index fall to a fresh interim low, at 8,114. It did recover some of that downside into the close, when it ended the session at 8,147, with a loss of 80 points on the day. However, that close was not technically brilliant, as it was below the 8,200 support level, that has previously capped prior downside moves. Well, following the UK data earlier this morning, the FTSE is priced to reopen higher today, but in truth that rebound seems mostly focused around the higher opening calls for the CAC 40 this morning. So, it remains to be seen, if the index can recover back above that 8,200 handle and then whether or not there is a close back above that level later on. The rebound in the Oil price so far today is a positive though and right now the FTSE 100 is indicated to reopen around 8,187

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