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Bull Monday... maybe | 8685 8660 8620 support | 8704 8740 8783 resistance

#1 · 10th March 2025, 10:32 am

Technical analysis for FTSE 100 for 10th March 2025

The bulls will be keen to maintain the momentum bounce from Friday and it was a good hold of the 8630 support area in the end. That has made the 2h Hull MA positive now, with 8685 locked in as decent support to start with, and also linking in with the green 30m coral line here as well. As such I would like to see this level hold and we get a bit of a bounce up for a bull Monday towards the 8740 initially, and then 8783 above that.

8783 may well be a bit of a tough nut to crack and we could see some profit taking here ahead of a bear Tuesday tomorrow. We are a bit light on major market moving news scheduled for today so a move higher may well fit well, if we can defend the supports. The S&P500 bounced back well from the 5665 level on Friday and again the bulls will be keen to keep that going and defend the 5728 support level initially.

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