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Bulls gaining some strength | 5500 SPX defended | 8550 8520 support | 8591 8623 resistance

#1 · 14th March 2025, 11:03 am

Technical analysis for FTSE 100 for 14th March 2025

A bit of respite for the bulls yesterday as the FTSE100 failed to break below the 8500 level and they will be looking to build on that today. However, GDP data has just been released which shows further declines in UK GDP, not really surprising though. Initially today we could see a rise despite that towards the 8591 R1 level as we also have daily resistance here at 8582. If the bears can defend this then a fall back down to the daily pivot area at 8550 is likely.

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