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No rate cuts soon | Inflation still high | 7995 8020 resistance | 7947 7920 7905 support

Nick@ht-admin
#1 · 11th April 2024, 12:24 pm

Technical analysis for FTSE 100 for 11th April 2024

The CPI news made things a bit volatile as expected yesterday but the 7920 level held in the end and the bulls managed to capture the 7945 support area and hold it overnight. Initially today we may well see that rise continue to test the 7995 level where we have R1 and then also within spitting distance of the round number. I still have the 8020 area above this as resistance, and we also have 8015 as the key fib today.

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Last edited on 11th April 2024, 12:26 pm by Nick