FTSE 100 Rises 0.3% to 8,204 in Cautious Trade

The FTSE 100 edged 21 points higher to 8,204 on 29 May, rebounding from a 0.9% decline the prior session amid lingering inflation and rate concerns. Technical analysis shows the April–mid-May correction has ended after a descending trendline breach, yet the index lacks conviction to clear resistance near 10,450–10,530 and trades in a mixed-bias range between the POC at 10,380–10,390 and key supports at 10,250–10,150. Company moves dominated sentiment, with Auto Trader surging 11.5% on strong results while BHP fell 0.6% after abandoning its Anglo American bid. Momentum remains weak with RSI at 43, leaving direction dependent on upcoming Bank of England guidance.