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Friday Profit Taking | Bearish | Can 8100 be defended | 8077 8050 below | 8165 resistance

Nick@ht-admin
#1 · 8th November 2024, 11:39 am

Technical analysis for FTSE 100 for 8th November 2024

Both the US and UK cut interest rates, though the FTSE100 continued to remain bogged down in its pessimism! The bulls have failed to get it back above the 8200 level and in fact we have the 8195 resistance level in play for today once again. That also ties in with the R1 level at 8200 so should we see this area may well see the bears appear here again.

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Last edited on 8th November 2024, 11:48 am by Nick