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Bulls need to defend Friday's rise | 8283 8242 8200 support | 8339 8372 resistance

#1 · 7th October 2024, 10:35 am

Technical analysis for FTSE 100 for 7th October 2024

A decent fight back by the bulls on Friday from the 8235 support area, which should continue into today and a bull Monday, with the possibility of a rise towards the 8370 area and a test of R2 today. The key for that will be the bulls defending any drops down, particularly if the bears get it down to the daily pivot area at 8285.

There are a cluster of key supports here for today, with the 30m coral, 200ema as well as decent 2h support with both the Hull and coral here. As such I would like to see this level hold if it gets tested.

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