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Getting bearish with 7400 looming | 7495 7518 resistance

Technical analysis for FTSE 100 for 17th January 2024

London's blue-chip FTSE 100 index closed lower on Tuesday, hitting a one-month low, weighed down by a sell-off in precious metal mining shares, while hawkish remarks from central bankers outweighed support from better-than-expected UK wages data. The FTSE 100 dropped 0.5%, while the domestically focussed FTSE 250 index was flat.