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Bulls now need to defend 8100 | 8154 8169 resistance | 8092 8045 support

#1 · 26th April 2024, 8:54 am

Technical analysis for FTSE 100 for 26th April 2024

A decent climb back from the 8040 support level yesterday after the drop off the 8100 area, and we are back with 8200 on the radar. The bulls will certainly be keen, one again, to keep the momentum going ahead of the weekend. Good news on the tech front from MS and Alphabet certainly helped turn around the S&P500 yesterday.

Initially today we have decent support at the 8095 area with the daily pivot and the green 30m coral here. That would be the second test of that since it went bullish (green) at 8040 yesterday. The 2h chart is also now positive again and has Hull MA support at the 8126 level for today. Its been tested this morning and has held.