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Inflation drops to 3.9% | 7725 7780 7800 resistance | 7637 7620 support

Nick@ht-admin
#1 · 20th December 2023, 9:50 am

Technical analysis for FTSE 100 for 20th December 2023

The long from 7606 yesterday is still running and looking good this morning with the positive news about inflation falling further than forecast (3.9%) helping the bulls to test and try and break the 7700 level. If they manage to break this then we should see a test of the R3 lev el at 7725 and also a double top with the recent high here. Will we manage the 8000 year end?

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Last edited on 20th December 2023, 9:51 am by Nick