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US CPI | 8232 8195 support | 8304 8331 resistance | Can the bulls continue

Nick@ht-admin
#1 · 10th October 2024, 10:36 am

Technical analysis for FTSE 100 for 10th October 2024

A decent hold of the 8200 level yesterday for the FTSE100, along with the Dax40 holding the Hull MA at 19015, saw the bulls return to the fray with some vigour. That should continue into today but we now move into the news cycle with US CPI the main market mover for today at 1330. We may well see a bit of profit taking ahead of that today given the rise yesterday on the S&P500.

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Last edited on 10th October 2024, 10:41 am by Nick