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Climbs off 7610 ahead of US CPI | 3.7% forecasted | 7734 7766 7800 resistance | 7670 support

Nick@ht-admin
#1 · 12th March 2024, 10:44 am

Technical analysis for FTSE 100 for 12th March 2024

Dropped off just shy of the 7670 resistance level but good to catch the short at 7665 in the end. That got a drop to 7610 which has set up a decent bounce and looks like the bulls did not want it to drop lower than 7600. We have now tested the 7734 daily resistance level overnight, and we also have R1 here, so we may well see another dip and rise play out.

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Last edited on 12th March 2024, 10:45 am by Nick