FTSE for Friday: FTSE 100 awaits next ceasefire signal
Independent analyst Alistair Strang explains why he’s more inclined to suspect the worst for the blue-chip index.
8th May 2026 08:55
by Alistair Strang from Trends and Targets
Conventional logic continues to imply the FTSE 100 “wants” to head to 11,180 points, yet is constantly being constrained by events in the Middle East.
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The current situation is quite frustrating, suggesting the FTSE needs to exceed 10,488 points to hopefully discover sufficient excuse to propel itself to 10,785 points. Our longer-term secondary, at 11,180 points, remains broadcasting a magnetic attraction from sometime in the future.
Unfortunately, we’re more inclined to suspect the worst as currently, below 10,275 points risks triggering reversals to an initial tame 10,238 points, with our secondary, if broken, at 10,200 points.
The “problem” with these reversal potentials is the risk any reversals will be throttled immediately by a surprise press release from an office in Washington or Tehran.
But we strongly suspect, once the Middle East conflict is resolved, the markets will move fast, indices heading upwards, and oil and gold showing sharp reversals.
Source: Trends and Targets. Past performance is not a guide to future performance.
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Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.