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Bulls will need to defend 8000 | 8055 8105 resistance | 7952 support below

#1 · 13th November 2024, 11:42 am

Technical analysis for FTSE 100 for 13th November 2024

Initially today it looks like we may well see bit more downside and the 8000 round number is looming into view. We may well see a bounce around here at 7995 is decent looking support with the S1 and key fib both here.

The bulls would be looking to get a climb from there towards (and past) the daily pivot at the 8055 level, as that would open up the possibility of a test of the 8100 level, where we have the 30m 200ema, R1 and the key fib. As such this will likely be pretty decent resistance if seen.

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