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Rise and dip with 8237 8264 resistance | 8180 8148 support

#1 · 9th July 2024, 10:12 am

Technical analysis for FTSE 100 for 9th July 2024

It was a modest drop off the 8222 resistance level yesterday and the bulls have fought back to bring it back above the 8200 level to start bear Tuesday. It actually looks like we may well get a rise and dip play out today, and the only major news is Fed Chair Powells testimony at 15:00.

To start with the key support is at the daily pivot 8206 and also the green 30m coral here. The bulls however will need to break above the 2h Hull MA at 8233 currently if we are to get a rise towards the next main resistance at the 8265 level.

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