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Can the bulls defend 7400 | 7361 below | 7460 7484 7500 resistance

#1 · 14th November 2023, 9:55 am

Technical analysis for FTSE 100 for 14th November 2023

The FTSE 100 had a positive day, up 0.89pc to 7,425.83. Meanwhile, the FTSE 250 was up 0.34pc to 17,913.65.

Fairly tight range on the FTSE100 yesterday dropping off 7420 in hours rather than the 7430 level. The 2h chart remains bullish and the first test of the Hull MA on that at 7395 yesterday saw a bounce up to finally test the 7432 resistance level after the bell. We have dropped off that overnight but the bulls will be keen to push on (and continue to defend the 7400 area) and that means that we could see a rise towards the 7460 resistance level.