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Bear Tuesday but needs to break 8800 | 8780 below | 8860 8901 resistance

#1 · 4th March 2025, 10:37 am

Technical analysis for FTSE 100 for 4th March 2025

Nice rise and dip yesterday as the bulls started the month on the front foot, however they failed to hold 8900 and stalled just shy of the 8930 resistance level after all that. A slump down to the 8800 support level played out and we bounced there to cement that as short term support. I am thinking that we may well see similar today with a rise and dip as a bit of bear Tuesday plays out later.

Initially the bulls will be looking to build on the 8800 bounce, and we have key support just below this at the 8780 area with S1, 200ema and the key fib here so if we see that this morning I would like to see a bounce here.