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Bulls defend with 8500 tantalisingly close | 8419 8401 8381 support | 8467 8507 resistance

Nick@ht-admin
#1 · 16th May 2024, 8:52 am

Technical analysis for FTSE 100 for 16th May 2024

A small dip below the 8430 support yesterday due to the 20 point dividend, however that support area has held overnight and we are back challenging a break of the 8450 level as the bulls continue to try for the 8500/8515 level.

With the strength across most indices yesterday that may well play out today and we get some more upside, if they can break R1 at 8467 to start with.

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Last edited on 16th May 2024, 8:53 am by Nick