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Rise and dip again with 8377 8388 8421 resistance | 8308 8282 8256 support

#1 · 3rd December 2024, 11:39 am

Technical analysis for FTSE 100 for 3rd December 2024

A decent bull Monday in the end yesterday with the FTSE100 hanging on above the 8300 level. We got the rise and dip play out and with the break of 8305 they managed the 8340 resistance level, though we still have 8388 above that in play. For today we may well see a similar pattern and a rise and dip as bear Tuesday kicks in later.

Initial support is at the daily pivot at 8308, and that is also just above the now bullish 2h supports from the Hull MA and the coral at the 8305 area. As such, we may well see the bulls go for an early push and be quick out the blocks again.

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