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Rise and dip with 8796 8817 resistance | 8755 8720 support | Bailey Powell

#1 · 11th February 2025, 11:16 am

Technical analysis for FTSE 100 for 11th February 2025

We could be on for a bear Tuesday today after yesterday's decent showing from the bulls. They managed to get through the 8780 resistance level, but stalled not too far above it. Initially we have support from the Hull MA at 8770 now, and the daily pivot at the 8755 level, so these could help with an initial climb before some selling later on. The tariff's on steel and aluminium announced last night have effected the ASX200 a lot more than the FTSE100 so far, so it will be interesting to see if we follow suit later on as well.

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