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ForumTrading Forum with market discussion and live trades: Market Discussion8388 holds with a dip to 8320 | 8 …

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8388 holds with a dip to 8320 | 8270 possible | 8360 8394 resistance

#1 · 4th December 2024, 11:31 am

Technical analysis for FTSE 100 for 4th December 2024

General plan for today is to keep running the 8380 short for a bit longer! Just taken some more profit at the 8333 level. Initially today it looks like we may well get a drop down a bit further to test the 8312 support area, where we have the 30m 200ema, S1 and the green 2h coral.

The Raff channels continue to head up and overall the 2h chart is bullish, so longer term buying the dip is still the preferred play for a possible year end rally.

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