The Resilient FTSE 100: Navigating Consolidation and Intraday Scenarios for April 17

The FTSE 100 remains structurally bullish, holding above the 10,000 psychological level and trading in a consolidation band between 10,550 and 10,700 as it searches for a catalyst. Price sits well above the 100-day (10,198) and 200-day (9,761) moving averages with an ascending trendline near 10,400 providing dynamic support. Daily RSI at ~58 suggests room to run toward major resistance at 10,786, while shorter-term charts show neutral momentum (H4 RSI ~51). Intraday scenarios: a sustained break above 10,660/10,700 would expose a retest of 10,786, whereas failure of 10,580/10,552 would risk a deeper correction toward 10,500. Overall, the technical setup favors bulls so long as the index closes above 10,500.