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Bear Tuesday but 8120 support | 8102 8075 below | 8179 8230 resistance

#1 · 2nd July 2024, 11:18 am

Technical analysis for FTSE 100 for 2nd July 2024

It's looking like a bear Tuesday will play out today as the bulls failed to break above the 8220 level yesterday and we have dropped steadily. The bounce off 8180 was also fairly short lived. A dip down to the next main daily support level at 8120 would make sense and may well happen today, and a bounce at that level looks possible.

The 2h chart remains bearish with the red coral capping the bulls yesterday at the 8220, and that resistance has dropped to 8195 now. The Hull MA is also at 8165 for today so initial resistance there to start with.

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