FTSE 100: Technical resilience and weekly buy signals drive price higher

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FTSE 100 gains 1.07% to 10,373

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16.03.2026

FTSE 100: Technical resilience and weekly buy signals drive price higher — FTSE 100 gains 1.07% to 10,373

FTSE 100 Index (FTSE 100) is trading at 10,373.29, up 1.07% on the day. The price sits below both the SMA-20 at 10,553.78 and the SMA-50 at 10,355.33, but remains well above the longer-term SMA-200 at 9,574.49.

UKX price prediction

24H -0.15%

10413.03

48H -0.08%

10420.78

7D 0.39%

10469.43

1M 1.33%

10567.78

3M 4.74%

10923.68

6M 10.84%

11559.63

12M 17.28%

12230.46

Current price: £ 10428.85 -9.00 0.09%

Closed 06/23

Daily range 10332.77

10461.11

Weekly range 10346.60

10510.20

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Highlights

FTSE 100 remains in a long-term uptrend with strong support above 9,500, despite short- and medium-term selling pressure.
Short-term indicators show mixed momentum, with oversold conditions suggesting potential for a brief rebound, but no clear bullish signal.
Price is expected to trade between 10,360 and 10,470 this week, with a move above 10,508 likely to trigger further gains.

Selling pressure persists as long-term trend support holds

The technical picture shows the FTSE 100 is under short- and medium-term selling pressure, trading below the SMA-20 and SMA-50, but its long-term uptrend remains supported by the SMA-200. Immediate resistance is marked by the Ichimoku Kijun level at 10,508.39, while price action is currently above strong long-term support.

Bullish momentum dominates as risk hinges on resistance breakout

For the coming week, the typical volatility band is projected between 10,360 and 10,470. With three of four major weekly indicators (RSI, ADX, MACD, MA-50) signaling 'Buy,' there is a high probability (over 80%) of a further price increase. A sustained move above 10,508 would open the door for a rally toward the upper range, while failure to clear this level and a drop below 10,360 may expose downside risks toward long-term support above 9,500.

Viktoras Karapetjanc, expert at Traders Union, sees the FTSE 100 in a healthy long-term position despite short-term selling pressure. He notes the index has held above its key SMA-200 support and that weekly indicators give a constructive signal for more upside. Karapetjanc emphasizes that a breakout above the $10,508 resistance would likely trigger further gains. Downside appears limited unless the $10,360 level fails. "With macro conditions still supportive and strong technical foundations, I expect a continued upward trajectory for the FTSE 100 in the near term."

Earlier, analysts noted that global equity markets were balancing optimism from earnings and trade talks with caution over upcoming central bank decisions. With the FTSE 100 maintaining its long-term bullish structure while facing near-term resistance, traders should watch for a breakout above 10,508 as a signal for further upside momentum.

Source of Data: UKX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.

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