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Bull Monday if it can pull away from 8060 | 8147 8163 resistance | 8075 8059 8031 support

#1 · 11th November 2024, 11:55 am

Technical analysis for FTSE 100 for 11th November 2024

We found support at 8060 on Friday, just above the 8049 daily level, and the bulls will be looking for a bullish session today to build on the slow bounce from here. The key for them will be breaking above the 8150-60 area as we have a cluster of resistance levels here.

Asia was a bit lacklustre on Monday, but with the S&P500 breaking 6000 and managing to rebuff shorts from the round number, it may well push on a bit higher today.

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