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Is the low in now | 7982 support below | 8050 8070 8096 resistance

Technical analysis for FTSE 100 for 14th November 2024

Nice drop off the 8055 all the way down to the 7995 support yesterday which saw a modest bounce. Overnight we have dropped back down but will the bulls be able to defend again..... we may well see a lower low set today and a test of the 7982 level where we have the key fib to start with. That is also just above the 7967 S2 level, so should we see this area I would like to see a bounce here.

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