After the Bell | The FTSE is pointing higher despite lackluster price action

• The nearest support level is 7,481 followed by 7,410.3. For resistance, the FTSE traders are focused on 7,687.4 and 7,823
• The lower Bollinger Band® is currently at 7,661 while the higher band is at 8,132.44

The FTSE closed Friday at 7,631.74 (with a daily low of 7,616) after ending Thursday at 7,620.43 and gaining 0.15%.

FTSE's upper Bollinger Band® is at 8,132.44 and the lower is 7,661.

Despite muted price action in the FTSE, chart analysis indicates it is positioned for a bullish run in the short term.

While the FTSE was pretty flat Friday, mixed performances were seen elsewhere as Dow Jones increases 1.26% Friday and closed at 32,859. S&P 500 is trading around 4,109.31 after ending Friday's session at 4,050.83 (up 1.44% today). Nasdaq is trading around 12,222 after ending Friday's session at 12,000 (up 1.74% today).