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Can the bulls defend 8400 now | 8385 support | 8442 8480 resistance

#1 · 30th August 2024, 9:51 am

Technical analysis for FTSE 100 for 30th August 2024

The last day of the trading month today and August has seen new all time highs and recession fear driven crashes.... September may well see more upside though! For today we may well get a rise and dip with some month end profit taking ahead of the weekend and I am looking at the 8455 area as key resistance to start with today. This level is the top of the 10d Raff channel and splits the R1 & R2 levels for today. Above this then the R3 level at 8540 could feature if the US PCE data at 1330 is stellar!

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