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Rate cuts on the agenda | Jackson Hole | 8311 8333 8368 resistance | 8275 8245 support

Nick@ht-admin
#1 · 22nd August 2024, 9:39 am

Technical analysis for FTSE 100 for 22nd August 2024

It feels like we may well continue the slow rise today and get up to the resistance area at 8333 ultimately. That said we have the 8310 as the first level that the bulls will need to break, and we could see an early drop off this before rising again later, probably helped by the US markets.

Jackson Hole gets underway today, and if yesterday's rate cut possibility feel good factor continues we may well see some more buying. The recession talk has subsided from the other week as well.

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Last edited on 22nd August 2024, 9:40 am by Nick