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Decent bounce but needs to break 8275 | 8335 above | 8200 8162 support

#1 · 26th July 2024, 11:47 am

Technical analysis for FTSE 100 for 26th July 2024

Good to see the bounce from the 8060 level yesterday in what may yet prove to be a stunning bear trap.... If the bulls can defend today and we don't drop below the 8163 pivot then we should be on for a decent end to the month.

We also have the green 30m coral for support to start with at 8185 and the 30m 200ema at 8173 so a few other supports in this general area to start with. The bulls will be keen to defend any drop and build on that bounce yesterday. 8200 being the round number may even see a defence to start with as well...

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