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Bulls shake off the pessimism with 7684 7705 7738 resistance | 7614 support

#1 · 29th January 2024, 10:55 am

Technical analysis for FTSE 100 for 29th January 2024

The FTSE 100 clocked in biggest percentage gain since last October, as upbeat earnings from European luxury firms boosted shares of Burberry and Diageo, while investors took comfort from data that showed UK consumer sentiment hit a two-year high. The FTSE 100 climbed 1.4% on Friday to log its first weekly gain of the year and the biggest in more than four months. The midcap FTSE 250 index also rose 0.6%, marking its biggest weekly gain in six weeks.