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Global IT Outage | 8141 8105 support | 8194 8223 resistance | UK Retail sales

#1 · 19th July 2024, 10:16 am

Technical analysis for FTSE 100 for 19th July 2024

The US weakness spread to the FTSE100 yesterday with the decline from 8270 playing out, which may roll into a bit more downside initially today. That said, the 8175 area has held well overnight so the bulls may well try for a rise towards the daily pivot and the 30m coral resistance at the 8200 area to start with.

This is also the 2h Hull MA resistance with that chart once again going bearish, so the bulls are on the back foot once again. The US weakness not helping them too much at the moment! We have also just dipped below the 2h coral line which make it appear more bearish.

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