FTSE 100 Daily Analysis 8th Dec 2009

The FTSE 100(UKX) initially opened lower in the morning but managed to recover once again.

The FTSE 100(UKX) initially opened lower in the morning but managed to recover once again.

In Asia today, the Nikkei was down 56.05 points at 10,111.55, while the Hang Seng ended the morning off 139.11 points at 22,185.85.

Crude oil traded at $74.02 a barrel on Nymex.

Gold settled at $1,155 an ounce.

The Halifax House Price Index is published at 8:00am, UK Manufacturing Production and Industrial Production numbers are released at 9:30am and the CBI Industrial Trends Orders data is scheduled for release at 11:00am.

In the corporate diary today, interim results are due from Anite Group, Northgate, Park Group and Victrex.

Final results will be published by Domino Printing, Pressure Technologies and Southern Cross Healthcare Group.

Tesco and Game Group will issue trading statements. Avanti Capital, Billing Services Group, Downing Protected VCT and Emblaze host AGMs.

Technical Outlook

Support Levels
5290, 5265, 5240, 5100

Resistance Levels
5360, 5328, 5321, 5311, 5307,