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Bull Monday rise and dip | 8627 8595 support | 8672 8716 resistance

Nick@ht-admin
#1 · 17th March 2025, 11:04 am

Technical analysis for FTSE 100 for 17th March 2025

After the bullishness on Friday across the board we may well see a bit of consolidation today and a rise and dip play out. The FTSE100 2h chart remains bullish and the bulls will be aiming to crack the 8700 level sooner rather than later if they can keep the momentum. There is a chance of a rise to test the 8716 R1 level this morning, but it will depend on the daily pivot support holding at 8627 initially.

The FTSE100 daily chart gave a sell signal on Friday though with the test of the 25ema at 8655 so the bulls will be aiming for a close above that line today as we also have the top of the 10d Raff at 8670. If they manage to keep control then ultimately I am looking for a rise towards the 8780 level this week. We are still in buy the dip territory on the FTSE100.

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Last edited on 17th March 2025, 11:06 am by Nick