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Rise and dip potentially | 7667 7693 7735 resistance | 7625 7575 7556 support

#1 · 17th October 2023, 9:35 am

Technical analysis for FTSE 100 for 17th October 2023

Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.

Treasuries declined as ongoing diplomatic efforts to help prevent the Israel-Hamas war from expanding into a wider conflict reduced demand for haven assets. Yields on the US 10-year benchmark climbed higher than 4.7%, while those on the 30-year rose more than four basis points, with the selloff steepening the yield curve further. Gold fell for a second day, as did oil.