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Rise and dip with 8311 8347 resistance | 8276 8225 support | Bulls upper hand

#1 · 15th August 2024, 11:20 am

Technical analysis for FTSE 100 for 15th August 2024

Decent bounce from the 8245 level yesterday,with a portion of the long still running into this morning. The bulls will be keen to build further on this, and will be aiming for the 8350 R2 level. News just out shows that the UK grew 0.6% in the second quarter as the economy's strong rebound in 2024 continued. The UK economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year. Growth across the three months was led by the service sector, where scientific research, the IT industry and legal services all did well.

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