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Can the bulls still defend 8620 | 8646 8615 8601 support | 8699 8722 resistance

Nick@ht-admin
#1 · 25th February 2025, 11:08 am

Technical analysis for FTSE 100 for 25th February 2025

Another hold of the 8620 level yesterday after the bears managed to break the 8650 support area so that level remains the line in the sand and we may well see another test today if they break below the daily pivot and the 8640 area to start with.

Slightly lower we also have the 8601 level for S1 and just below 8609 which is the bottom of the 20d Raff channel. Along with the round number I would expect to see the bulls try and defend any test of this today, otherwise a slide down to 8550 is highly likely. That said, should we see that level then a bounce here would fit the charts well!

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Last edited on 25th February 2025, 11:09 am by Nick