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Bulls defend the 8180 area | Is the low in | SPX election gap closed | 8280 resistance

#1 · 14th January 2025, 11:36 am

Technical analysis for FTSE 100 for 14th January 2025

Well it was a little bit bearish yesterday and they failed to lock in a bull Monday as more and more worries weigh on the FTSE100, and also other markets. Stagflation remains a real worry across the board. Starmer has given Reeves the kiss of death by saying she has his full support and will remain in post. When the board says that about a football manager they are usually gone within a few weeks.

We nearly tested the 8180 support level yesterday, bouncing from 8186 instead and the bulls managed to get the price back above 8200 and have held overnight. That has made the 30m coral green with support at 8209 to start with. They will be keen to defend the 8200 area again as we have the 25ema on the daily still in this area.

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