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Bears have a pop off 8580 | 8537 8590 resistance | 8500 8464 support

Nick@ht-admin
#1 · 23rd January 2025, 11:03 am

Technical analysis for FTSE 100 for 23rd January 2025

Was a bit slow to get going but the short from the 8570-80 resistance zone played out well in the end and the bears have almost managed 8500. That has changed the short term sentiment to look more bearish and the 30m chart suggests selling the rallies again. Initial resistance is at the 8537 daily pivot and the 30m coral is also red and has resistance here.

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Last edited on 23rd January 2025, 11:04 am by Nick