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Bulls aiming for 8515 | 8488 resistance | 8431 8380 support | US CPI decline

#1 · 15th May 2024, 9:10 am

Technical analysis for FTSE 100 for 15th May 2024

The 8400 level has been defended and that keeps alive the likelihood of the 8500 test, and possibly a bit higher towards 8515. The slight curve ball in the bulls plans today though may well be the US inflation news out at 1330, with a slight fall in April to 3.6% expected, from 3.8% previously. 3.4% YoY from 3.5% previously. Expect some volatility around this release, and we may well see a buy the rumour sell the news play out a bit for that.

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