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Bullish trend continues | 8450 8484 8520 resistance | 8422 8406 support

#1 · 20th May 2024, 9:17 am

Technical analysis for FTSE 100 for 20th May 2024

The bulls are starting the week in charge and on the front foot with the Asian session being very positive and hitting two year highs. That may well roll into a bull Monday here and in the US.

It will hinge on them defending the first support though at the daily pivot level at the 8422 area, where we also have the 30m 200ema and the 30m coral. With these 3 supports here it would be good to see a bounce here and a rise towards the daily resistance at the 8470 area.

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