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Can the bulls take it higher | 8740 8775 resistance | 8690 8673 8652 support

Nick@ht-admin
#1 · 20th March 2025, 10:51 am

Technical analysis for FTSE 100 for 20th March 2025

The 8700 continues to hold and we are still in buy the dip territory but the bulls need to break above the 8740 level to enable a move higher - towards that 8786 resistance level that we have in play on the daily chart. The key for this morning will be the 8690 support area holding if tested as we have the first test of the green 2h coral here.

The 10d Raff channel is now also heading upwards on the daily chart, and the US bounce from 5500 on the S&P500 is playing out well, reversing the early March declines.

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Last edited on 20th March 2025, 10:57 am by Nick