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Bears gain strength on auto tariffs | 8640 8608 8580 support | 8670 8740 resistance

Nick@ht-admin
#1 · 27th March 2025, 10:40 am

Technical analysis for FTSE 100 for 27th March 2025

Fortunately the Spring Statement didn't upset the FTSE100 too much yesterday. Joe Public is a different matter but just wait till the next one! The 2h chart just about remains bullish going into today, but the more the 8655 Hull MA level gets tested then the more likely we are to see the bears take more control. Initially I would like to see the 8640 level hold which was yesterdays low and set up a rise to retest the 8740 recent high area. We have R2 here for today so a test of this would certainly make the FTSE100 look a bit healthier.... a lot will depend on what the US does today though.

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Last edited on 27th March 2025, 10:41 am by Nick