FTSE 100 Holds Its Range as Momentum Levels OffUK 100 CFDFOREXCOM:UK100FOREXcomThe FTSE 100 remains contained within a broad daily consolidation between support near 10,150 and resistance around 10,700. Price recently tested the upper boundary but failed to establish a sustained break, leaving the index positioned near the middle-to-upper portion of the range. The moving-average structure remains constructive. Price is holding above the rising 50-day SMA near 10,443 and well above the 200-day SMA around 10,178. The shorter average also remains above the longer average, which supports a moderately bullish medium-term backdrop despite the absence of a clear breakout. Momentum has become less decisive. The MACD line is slightly below its signal line while both remain above the zero level, indicating that positive momentum is fading rather than reversing sharply. RSI is near 52, reinforcing a neutral reading with no sign of overbought or oversold conditions. The 10,700 area remains the key resistance reference, while 10,150 continues to define the lower boundary of the current range. As long as price remains between these levels, the technical picture is best described as neutral in the short term, with a mild bullish bias supported by the rising moving averages. -MW