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New month and quarter | rise and dip as tariffs at the forefront | 8590 support | 8660 8710 resistance

#1 · 1st April 2025, 9:49 am

Technical analysis for FTSE 100 for 1st April 2025

A lot of fear in the markets yesterday which is starting to unwind now, as we start a new month and new quarter. Traders are hoping that the tariff announcements later/tomorrow are not as punitive as feared, which in turn may well see a bullish bounce today. There are a few decent supports in play across the board so buy the dip, at least initially, looks to be the order of the day.

We have the daily pivot and the green 30m coral to start with at the 8590 level and a bounce here would make sense, for a push up towards the 8660 initial resistance, and possibly even the 8706 level today.

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