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USA PCE Inflation news | 8203 8152 support | 8264 8308 resistance

#1 · 31st May 2024, 8:30 am

Technical analysis for FTSE 100 for 31st May 2024

The FTSE100 fought back from the 8140 level yesterday and even managed to break the 8200 level and hold above it. A bit of action ahead of today's USA inflation news at 1330 as some buy the rumour kicks in. We may well see a bit more of a choppy day today with that in play, and I am looking at the 8250, 8265, and 8310 as the main resistance levels. As it is also the last day of the week and also the month we may well see some profit taking later on today.

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