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Bulls should start to appear as 7550 finally tested | 7586 support | 7650 7686 7750 resistance

Nick@ht-admin
#1 · 29th September 2023, 8:03 am

 

Technical analysis for FTSE 100 for 29th September 2023

A bit of a bounce yesterday, following the overshoot of the 7550 support level suggesting that it may have been fake, especially as it's held above 7600 overnight. We may well see a rise and dip play out today as its the last trading day of the month so see profit taking later, and also ahead of the weekend.

A rise towards the 7650 first resistance level may well play out this morning, after a possible dip down to test the daily pivot at the 7586 level.

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Last edited on 29th September 2023, 8:22 am by Nick