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Bulls need to defend 8260 | 8236 8202 below | 8290 8304 8321 resistance

#1 · 29th November 2024, 11:14 am

Technical analysis for FTSE 100 for 29th November 2024

Fairly lacklustre day yesterday as per usual when the USA is closed, however the 8240 long tickled up towards the 8310 target area. The bulls failed to hold onto the 8300 level and we have seen another drop back overnight to test the 8260 support level. The bulls will be looking to defend this to start with today as we have the 30m 200ema here, and if they manage to do so then a rise once again towards the 8305 area may well pan out.

The US will have a half day today as well so bear that in mind so will be lower volumes again.

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