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Stabilising as no action yet with 7830 support 7775 below | 7940 7993 resistance

Nick@ht-admin
#1 · 16th April 2024, 9:26 am

Technical analysis for FTSE 100 for 16th April 2024

A very bearish Monday is likely to roll into more downside and negative bias today as the worry about the next phase and Israel's response. The FTSE100 may well be heading for a test of the daily support at the 7830 area today and we may well see a bit of a bounce here, despite the negative sentiment pervading everything currently. The S&P500 is certainly spooked having dropped 2.6% since Friday.

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Last edited on 16th April 2024, 9:28 am by Nick