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Possible bear Tuesday with 8182 8208 resistance | 8120 8096 support

Technical analysis for FTSE 100 for 30th April 2024

A brief foray yesterday below the 8150 key level saw 8140 set up a modest bounce that has continued overnight. However, with the bulls lacklustre performance yesterday the FTSE100 has gone bearish on the 2h chart with the 8180 area as resistance to start with today.

We also have a red 30m coral to start with at 8162. As such we could get an initial dip the morning down to test the 8110-20 area where we have S1 and the 30m 200ema.

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