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 DiscussionTentative truce | 8830 8880 resis …

Please or Register to create posts and topics.

Tentative truce | 8830 8880 resistance | 8770 8745 8715 support

#1 · 24th June 2025, 10:15 am

Technical analysis for FTSE 100 for 24th June 2025

Well that bounce off 5945 on the S&P500 worked out well, coinciding with the markets reversing strongly and climbing on the news. The FTSE100 dropped off well initially to get some points from the short, and then bounced just above the 8720 support level and is now just back above the 8800. That bodes well for a rise and dip to play out today as the markets breathe a collective sign of relief and keep their fingers crossed that the "12 day war" is now at an end without lurching into a more global conflagration. Oil led the way dropping sharply from its highs and now its back below where it was before the first salvo from Israel was fired at Iran so that bodes well for some more upside on equities and downside on oil.

READ MORE