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New month money with 8150 8170 8214 resistance | 8103 8075 8057 support

#1 · 1st November 2024, 10:51 am

Technical analysis for FTSE 100 for 1st November 2024

End of the week but start of the new month so a possible new month money kick up to start with today. Of course the big event will be NFP data at 12:30 with 106k forecasted. The bears were in control yesterday and will be looking to break 8100 and hold below it, though we have the green 30m coral here for initial support. As such I am thinking that we may see the bulls fight back a bit today, at least ahead of NFP. Maybe new month money and buy the rumour sell the news playing out.

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