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Can the bulls break 8300 | 8330 8384 above | 8210 8150 support

#1 · 22nd April 2025, 9:33 am

Technical analysis for FTSE 100 for 22nd April 2025

Asian stock markets fought to hold their footing on Tuesday after a furious flight from U.S. assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.

Out of hours yesterday saw another test of 8150 to tie in with Wednesday's low last week, and the bulls have fought back a bit now, to get the price back above the 8200 level to start this shortened week off on a positive. That said it looks like we may well see an initial drop down to test the daily pivot and green 30m coral at the 8213 level to start with, and I would like to see this hold for a climb back up towards the 8300 area, possibly 8330 and R2.

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