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Triple witching option expiry | 7730 7767 7834 resistance | 7720 7644 support

#1 · 15th September 2023, 8:10 am

Technical analysis for FTSE 100 for 15th September 2023

The FTSE 100 closed in the green after finishing nearly 2pc higher. The blue-chip index gained 1.95pc or 147.09 points to close at 7,673.08, its highest since July 31. The FTSE 250 index added 1.82pc at 18,899.70. The FTSE 100 was boosted by bank shares - including Lloyds, Barclays and NatWest - which surged 2.54pc after the ECB increased interest rates to a record high. The index was also lifted by a surge in commodity prices with iron ore and oil rallying during the day, boosting commodity-rich stocks.

Stocks in Asia advanced following better-than-expected Chinese economic data and after the central bank took further measures to support the struggling economy.