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FTSE100 slides to test the 8365 support | 8420 8450 8495 resistance | 8330 below

Nick@ht-admin
#1 · 21st May 2024, 9:25 am

Technical analysis for FTSE 100 for 21st May 2024

We have tested the key daily support level at 8365 overnight and a bounce is underway as I write this, while the bulls will be keen to get the price back above the 8400 level. Ergo a rise towards the initial resistance area at the 8420 level may well play out to start with. Was a bit choppy yesterday but it has made the 2h chart go bearish (setting up a bear Tuesday possibly) and has Hull MA resistance at the 8420 level as well.

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Last edited on 21st May 2024, 9:27 am by Nick