FTSE 100 Analysis – November 26
FTSE 100 shows renewed bullish momentum amid structural recovery. The index is demonstrating a renewed bullish tone as price stabilizes above its short-term moving average and reacts positively to improving momentum indicators. The MACD histogram is beginning to flatten near the zero line, signalling that downside pressure is weakening, while the 9-period SMA around $9,610 is gradually regaining upward slope. This alignment between trend and momentum supports a constructive outlook, suggesting that buyers are re-establishing control after the recent corrective decline.
FTSE 100 Key Levels
Supply Levels: $9700.0, $9900.0, $10100.0
Demand Levels: $9350.0, $8900.0, $8480.0
FTSE100 Long-Term Trend: Bullish
From a technical perspective, price has respected the rising trendline drawn from earlier swing lows and reacted strongly from the demand block around $9,350. The rebound has pushed the index back toward the short-term structure, reinforcing the strength of the ascending channel. Initial resistance remains at $9,700, where previous supply restricted bullish attempts, but the market’s ability to maintain higher lows suggests active accumulation within the range.
Looking forward, holding above $9,700 would reinforce bullish commitment and pave the way for a move toward the $9,900 resistance area. A clean breakout above this zone could accelerate a broader continuation toward the upper target near $10,100, where long-term sellers may reappear. As long as buyers continue to defend the $9,350–$9,400 support area, the medium-term outlook remains upward-leaning, supporting expectations of sustained appreciation into the year’s close.
FTSE100 Short-Term Trend: Bullish
The FTSE 100 is regaining bullish momentum on the four-hour chart as price rebounds from the $9,350 demand zone and climbs back above the short-term moving average. Momentum continues to improve, with the MACD lines beginning to converge upward and signalling a strengthening shift in sentiment. Price action is forming a constructive higher-low pattern, reinforcing the underlying ascending structure. A steady advance toward $9,700 may unlock further upside toward $9,900 if buyers maintain pressure, aligning with expectations commonly monitored through forex signals.
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