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Inflation hits 2% | 8171 8161 8140 support | 8210 8240 resistance | US holiday

#1 · 19th June 2024, 9:44 am

Technical analysis for FTSE 100 for 19th June 2024

The US markets are closed today which may well lead to a more muted session.

Inflation has fallen back to the Bank of England’s 2pc target for the first time in nearly three years, official figures show, in a boost to Rishi Sunak’s election campaign.

The 8210 level remains as key daily resistance and in fact we spiked to that and dropped back on the inflation news. if the bulls were able to push on today and break above that then the 8240 level is the next key area and worth a short as well. 8251 is also then a test of the top of the 10d Raff channel.

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