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Bear Tuesday beckons but bulls need to defend 7560 | 7526 below | 7653 7680 resistance

#1 · 26th September 2023, 9:12 am

Technical analysis for FTSE 100 for 26th September 2023

The FTSE 100 suffered its worst day in over a month as the blue chip index slipped 0.8pc following steady gains last week. European indexes opened the week in the red. France’s CAC 40 in Paris dropped 0.85pc while the Dax in Frankfurt fell by 1pc. Markets across the world have wobbled amid concerns interest rates will stay higher for longer than expected.

The City’s blue chip index fell by as much as 1.3pc in Monday afternoon, before recovering slightly in a late rally to 7,623.99. It marks its worst one-day performance since Aug 15.