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Big gap down but now at 8550 support | BTFD....maybe | 8590 8650 resistance

Nick@ht-admin
#1 · 3rd February 2025, 11:37 am

Technical analysis for FTSE 100 for 3rd February 2025

Well another messy Monday morning start with the big gap down to contend with as markets react to the Trump trade war that seems to have been declared! Initially we are on some decent support to start the week though at the 8550 area as we have S3 here, and also the key daily support at 8560. The next main daily support below here is 8480 and should we get that low then I would like to see this hold.

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Last edited on 3rd February 2025, 11:40 am by Nick