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Bear Tuesday if 7450 breaks | 7499 7520 resistance | 7434 7400 support below

#1 · 21st November 2023, 10:03 am

Technical analysis for FTSE 100 for 21st November 2023

Below the 7470 level then the bears will be aiming for a test of the 7450 level where we have the 25ema on the daily, and I would like to see that hold as that chart has now gone bullish. A test and hold of that would likely spur the rise towards year end as well. If it breaks though and doesn't get a bullish reaction then the bears will be seeking to build on that and a drop down towards the 7409 level would be next. It would probably drop down to there quite quickly.