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Bulls need to break 8100 now | 8130 resistance above | 8040 7996 support

#1 · 15th November 2024, 11:02 am

Technical analysis for FTSE 100 for 15th November 2024

Nice defence of the 7995 level continued yesterday as the bulls managed a climb to the 8080 level but we have since dropped back, and we may well see a dip lower still. Initial support today is at the 8020-8030 level so the bulls will be keen to defend this to start with and if they manage that then we may well see a climb to test the 8105 area where we have the key fib for resistance. 8090 is also R1 so I would expect to see a stall on the first test of this area.

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