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Can the bulls fight back | 8230 8205 8155 support | 8275 8310 resistance

#1 · 23rd September 2024, 10:34 am

Technical analysis for FTSE 100 for 23rd September 2024

Yet another test of 8200 on Friday, but it held well and we have got a decent bounce overnight. That of course has left a bit of a gap down there, so if the bears break the daily pivot initial support at the 8240 level then a slide down to here could play out. That said, it is also starting the week just above the 30m coral so there is also a bit of support from that at 8230 to start with as well.

The 2h chart is now bearish once again and has Hull MA resistance at the 8280 area, along with a red 2h coral at 8305, so a rise to this area may well falter later. 8310 is also the key fib for today.

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