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8580 8601 8629 resistance | Davos underway | 8540 8484 support

Nick@ht-admin
#1 · 22nd January 2025, 11:16 am

Technical analysis for FTSE 100 for 22nd January 2025

Well the bulls continued the rise yesterday but we have stalled overnight at the upper most daily resistance level of 8569. As such we could see a retest of that in hours today and a possible bearish reaction for a leg down to the daily pivot level and possibly lower at 8540. 8600 is also the Hull MA on the 2h chart which is currently bearish so may well also lend some weight to this area if we were to get that high.

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Last edited on 22nd January 2025, 11:17 am by Nick