FTSE 100 uncertain to open higher this morning

Yesterday the FTSE 100 was actually the best performing major European stock market index, but that did not deliver a higher close. In fact, far from it. However, the FTSE was the best of a bad bunch. The index closed 0.66% lower, at 8,139. That close compared to a loss of 1.56% for the CAC 40 and a 1.28% loss for the DAX. The FTSE 100 is currently poised to open at or where it closed yesterday and the direction after reopening is rather uncertain today. That said, the index is still inside a range defined by its 50 day moving average on the top (8,255) and its 100 day on the bottom (8,038). The further falls in the oil price since this time yesterday would seem to act as a drag on live trading when that resumes shortly