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Bulls will want to defend 7640 | 7615 below | 7692 7728 7765 resistance

#1 · 8th January 2024, 10:21 am

Technical analysis for FTSE 100 for 8th January 2024

A nice hold of 7650 once again on Friday but the more it is tested the more likely it is to break. We may well see a test of it again today, and a final bounce up to the 7725 area where we have quite strong resistance once again (Thursdays high last week). A bit of a bull Monday, at least to start with. The bulls will certainly be looking to defend the supports but the start of the year can often be bearish as the December rally unwinds a bit.