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8400 tested and needs to hold for 8515 | 8420 8470 resistance | 8365 support below

#1 · 14th May 2024, 9:26 am

Technical analysis for FTSE 100 for 14th May 2024

Bit of a bear Monday in the end yesterday as the bears drove it down off the Hull MA resistance at the 8450 level. That said, it's managed to hold onto 8400 as the 8395 support area has held overnight, and we may well see an initial kick up to start with towards the daily pivot at the 8420 level.

If the bears try again here then a slide down towards the 8367 level may well materialise today, and with S2 and the key fib here, I would like to see a climb back above the 8400 level.

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