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Bulls need to break 8615 | 8630 8690 above | 8556 8530 8500 support

Nick@ht-admin
#1 · 9th May 2025, 9:32 am

Technical analysis for FTSE 100 for 9th May 2025

While all eyes were on the trade deal and the BoE interest rate cut, the FTSE100 dropped off the 8620 level by 100 points in a classic buy the rumour set the news. However the bulls fought back from there and will need to break above the 8608 2h red coral level now. There is also the R1 and the key fib resistance just above this at 8612 so we may well see the bears have an initial go here.

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Last edited on 9th May 2025, 9:32 am by Nick