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ForumTrading Forum with market discussion and live trades: Market DiscussionCan the bulls test (and break?) 8 …

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Can the bulls test (and break?) 8200 | 8217 8260 resistance | 8150 8134 support

#1 · 29th April 2024, 9:30 am

Technical analysis for FTSE 100 for 29th April 2024

A strong end to the week and a positive start to this one bodes well for further upside to come. 8204 is the next key daily resistance level and we may well see that this morning and a subsequent drop off to retest the key support area at 8155. 8217 is also R2 and I would like to see this cap any early proceedings and get a decent reaction.

8160 is the Hull MA on the 2h, and also just above the gap from Friday at 8156. As such this area may well hold any test, at least initially. If it does so then that should set up a decent rise towards the 8215 level again.