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Bulls charging today | 8250 8217 support | 8320 8345 8383 resistance

#1 · 3rd October 2024, 11:12 am

Technical analysis for FTSE 100 for 3rd October 2024

An interesting looking 50 point bounce at 6am as I have been compiling this which would suggest some sort of news event that isn't public knowledge just yet, though it does reinforce yesterdays stance of buying the dip is the right one to maintain. The 8250 level has once again held as support overnight so should we get a drop down to that this morning then I would expect it to hold again.

However, if the bears were to break below that then the 8220 area is the next key support and worth a long if seen, as we also have S2 here for today as well as the daily support level.

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