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Dip and rise today with 7377 7321 supports | 7420 7468 resistance

#1 · 6th July 2023, 9:36 am

FTSE 100 prediction and analysis for today 6th July 2023

FTSE 100 Prediction - The FTSE 100 closed 1.03pc lower at 7,442.10, while the FTSE 250 index mid-cap index dropped down 0.76pc to 18,393.33. The London Stock Exchange was weighed down after disappointing eurozone and Chinese economic data heighted concerns of a global slowdown.

We are just sat on S&P500 support to start with as I write this at the S1 4430 level and just below S1 on the FTSE100. As such we may well see the bulls quick out the blocks this morning and try and get an early bounce in at the bell. If they manage that then a rise towards the daily pivot at the 7468 level may well play out.