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Can the bulls push on today | Tariff negotiations | 7788 7740 7700 support | 7892 8043 resistance

#1 · 8th April 2025, 9:21 am

Technical analysis for FTSE 100 for 8th April 2025

The wild ride continues apace as the tariff "war" continues. Tit for tat as well as China has now blocked US films! Good timing on the S&P500 long yesterday in the live room just before that 90 day pause rumour started saw a massive move up which we were fortunately set up for.

For today, the bulls will still be looking for the "buy the dip" opportunity, and there will be one as there more often than not is. Just hop on rather than try and pick the low though. That said we have decent looking support to start with at the 7750 area as we have the key fib here, with the daily pivot just above at 7788 and then the rising (and now green) 30m coral currently around the 7700 area and rising.

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