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Bulls trying to defend | China rallies | 8295 8250 8220 support | 8345 8358 resistance

#1 · 30th September 2024, 10:46 am

Technical analysis for FTSE 100 for 30th September 2024

A decent rise and dip played out on the ASX200 Monday and we may well see similar for a bull Monday, at least to start with. We are just looking to open on the daily pivot support at the 8301 level and as it's also the round number we may see the bulls quick out the blocks to defend this. 8290 is also the 200ema so helping the support in this area. They will certainly need to be quick out the blocks as a break of 8290 will see a test of the 8250 level, where we have the daily support and key fib.

If this gets defended then a rise back to the 8300 level looks likely.

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