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Bull Monday if the bulls can defend the 7900 | 7850 below | 7947 7986 above

#1 · 8th April 2024, 9:01 am

Technical analysis for FTSE 100 for 8th April 2024

The bulls fought back on Friday and that may well roll into a bit of a Bull Monday today for a test of the 7950 resistance area. Above that then they will be aiming for 7990 and might even manage the 8000 level.

In the absence of any major market news today then we may well see any test of the daily pivot and green 30m coral at the 7901 level hold, and this may well act as the springboard for the push higher today. The bulls will certainly be keen to pull away from 7900 again.