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Bulls need to defend 8777 | 8710 8680 8579 support | 8844 resistance

Nick@ht-admin
#1 · 6th March 2025, 11:12 am

Technical analysis for FTSE 100 for 6th March 2025

Today's mission for the bulls will be to break above and hold the 8800 level, and with a forecasted rate cut again from the ECB it may well enable them to do so. That news is out at 13:15 so we may well see a buy the rumour sell the news play out as we head towards that, along with the initial jobless claims from the USA at 1330. 13:45 sees the ECB press conference as well, with traders looking for clues as to the future rate path.

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Last edited on 6th March 2025, 11:13 am by Nick