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Bear Tuesday with 8241 8260 8319 resistance | 8190 8120 support

#1 · 10th September 2024, 10:30 am

Technical analysis for FTSE 100 for 10th September 2024

Decent bull Monday yesterday but the bulls failed to break above the 8285 daily resistance level, which if they had done would have meant a test of 8320. As such the 8290 area remains the line in the sand still that the bulls will need to break. Following the bullish session yesterday we may well be on course for a bear Tuesday, and whilst we are already in it with the opening looking to be down -0.5%, it feels like shorting the rallies is the best plan for today.

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