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Bull Monday potentially if 8235 defended | 8219 below | 8275 8300 resistance

#1 · 14th October 2024, 10:28 am

Technical analysis for FTSE 100 for 14th October 2024

Looking to be a fairly calm start after the weekend with the daily pivot acting as initial support at the 8242 level. That also ties in nicely with the now green 2h coral support at 8236, so an early defence of this area by the bulls would work well, for a rise towards the 8280 resistance area where we have R1.

If the bears are quick out the blocks though and we see an early break of the daily pivot then a slide down to the 8219 S1 and daily support level at 8220 is likely. Should we see this then a long here is worth a go for a possible attempt at the bull Monday and to defend the 8210 level that we saw on Friday.

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