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NFP Friday with 7670 7634 support | 7718 7737 7756 resistance

Nick@ht-admin
#1 · 8th March 2024, 9:52 am

Technical analysis for FTSE 100 for 8th March 2024

The FTSE100 stalled at 7713 yesterday but has tested 7715 overnight and of course we have NFP Friday today with the news forecasted to be a drop to 200k, with unemployment remaining the same at 3.7%.

The US markets have resumed their bullish momentum and the S&P500 has the 5200 level in its sights. Depending on the news today that will have a bearing on interest rates and if a cut is looming sooner rather than later.

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Last edited on 8th March 2024, 11:40 am by Nick