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Bear Tuesday on the cards with 7520 7540 resistance | Short the rallies | 7484 7440 support

Technical analysis for FTSE 100 for 23rd January 2024

UK stocks climbed on Monday after a record-setting rally on Wall Street helped outweigh concerns about a slowing British economy and sticky inflation, while homebuilders advanced with Persimmon (LON:PSN) leading the outperformance in the sector. The blue-chip FTSE 100 rose 0.4%, while the midcap index FTSE 250 jumped 1.1% to log its best day in a month.

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