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Dip and rise with 8220 8184 support | 8250 8295 resistance | Bull Monday

Nick@ht-admin
#1 · 15th July 2024, 10:55 am

Technical analysis for FTSE 100 for 15th July 2024

Be a few sore heads this morning I expect after the football..... Anyway, the FTSE100 2h chart is more optimistic to start with and has Hull MA support at 8220, along with a green coral at 8210. As such we could see an early drop down to here then a bounce up towards the 8300 level. There are more news items appearing about investing in the UK markets as its a bit of a safer bet at the moment, and having been unloved for so long, now has some value for a decent rise.

If the bears were to break below the 8210 level then 8185 is the next key area with the daily support, S2 and 200ema all here. As such the bulls would be keen to defend this as a break would then likely lead down to the next daily level of note at 8107 and a likely bounce level.

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Last edited on 15th July 2024, 11:04 am by Nick