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SPX bulls fight back | 7345 7315 7297 support | 7399 7439 resistance

#1 · 24th October 2023, 11:13 am

Technical analysis for FTSE 100 for 24th October 2023

The FTSE 100 closed down 0.37pc at 7,374.83 after hitting a two-month low earlier in the day. The commodity-focused index was dragged down by a sell-off in mining stocks as metal prices dropped.

Precious metal miners across the FTSE 350 dropped 3.17pc today, as rising US dollar and Treasury yields weighed on gold prices. Meanwhile, industrial metal miners tumbled 1.21pc as copper prices dipped on growing concerns about the Middle East conflict and rising inventories. The FTSE 250 midcap index finished 0.15pc higher at 17,058.99.