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Retail sales improve for fourth month | 8735 8700 8681 support | 8783 8818 resistance

Nick@ht-admin
#1 · 23rd May 2025, 9:42 am

Technical analysis for FTSE 100 for 23rd May 2025

The bulls continue to be foiled at their attempts to break 8800 though they defended the 8700 level well yesterday and we are looking at decent support at the 8740 area to start with today. We have a cluster of levels here, namely the daily pivot, 30m green coral and the 30m 200ema. As such I would like to see this hold initially for a rise and dip to play out today.

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Last edited on 23rd May 2025, 9:45 am by Nick