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Bulls back in control with 8900 in sight again | 8947 above | 8836 8796 support

#1 · 9th July 2025, 9:28 am

Technical analysis for FTSE 100 for 9th July 2025

Actually got quite bullish in the end yesterday with the bulls breaking above the 8820 in the end as they continue to strive for another test of the 8900 level, which looks possible for today as we have R1 and the key fib both here to start with. For the first time in a while we have R3 above the 9000 level at 9017 for today, showing that the bullish momentum is continuing. The 10d Raff channel continues to head up steeply, while the 20d channel is levelling off a bit. Still expecting 9000 this year!

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