Rise and dip after Thanksgiving | 7515 7541 resistance | 7440 7420 support

Rise and dip after Thanksgiving | 7515 7541 resistance | 7440 7420 support

FTSE100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help

FTSE100 live outlook prediction analysis for 25th November 2022

A gauge of Asian stocks fell while US futures rose amid subdued trading on Friday.

Treasuries climbed as trading resumed after the Thanksgiving holiday in the US.

The day after the Thanksgiving holiday and we may well see a kick up as a few “tips” exchanged over lunch get traded. The S&P500 2h chart is looking fairly optimistic, and has 4035 support to start with, and then 4010 lower down.

I think that we may well see a rise, dip, rise play out today. For the FTSE100 the bulls will have to push up early above the red 30m coral which is at 7467, along with the daily pivot here, and a push past that should see the 7515 level, where have the daily resistance, along with R2 and the key fib.

Should they push higher than this then the next level of note is 7540 where we have R3. I can’t really see them pushing past that today ahead of the weekend, but then again, Fridays are notorious for being a bit weird!

For the support side of things then we have the 7442 level in play to start with as we have the 30m 200ema here, along with S1 at 7446.

Should the bears break below this then the 7420 level is the next one of note with the key fib and S2 here and I would like to see this hold.

The FTSE100 is generally looking quite positive and has held up well this week. The bulls will be keen to defend the 7400 level at the very least, and ideally push past and hold 7500 next. There is also the potential for a push towards 7700 looking at the daily chart and the optimistic Raff channels!

Good luck today and have a great weekend.

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