Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionRise towards 7970 with 7925 7881 …

Please or Register to create posts and topics.

Rise towards 7970 with 7925 7881 support | 7997 8020 above

#1 · 9th April 2024, 11:02 am

Technical analysis for FTSE 100 for 9th April 2024

The daily pivot appears to be initial support as the bears didn't really drop it off the 7945 level yesterday nor overnight, and as such if this holds we may well see a rise and dip today. There isn't any news of note again so more of the same as per yesterday really, and a drift higher towards the resistance at the 8000 area would make sense.

7997 is R2 and just below the round number of 8000 so that would be the first test and we may also possibly get another test of the 8020 area.

READ MORE