FTSE 100 Bulls Refuse To Bow To Pressure

Market Analysis – July 26th

FTSE 100 bulls refuse to bow to pressure as they keep moving forward. The bulls have been fiercely pushing their way through the market. Since the beginning of July, the market has seen a steady increase in bullish liquidity. This allows the buyers to break through several key levels. Just before the end of May, the sellers caused a large breakdown at the 7794.40 key level. This bearish supply eventually ended at the 7248.10 key level, which then opened the way for the bullish order flow.

FTSE Market Levels

Resistance Levels: 7794.40, 7650.80
Support Levels: 7406.40, 7248.10

FTSE 100 Long-Term Trend: Bullish

The buyers have recently breached the 7650.80 resistance level and are currently making their way to the 7711.30 key zone. It is expected that this key zone will be broken soon. This will allow the bulls to continue their relentless march forward.

With the bulls refusing to bow to pressure, the FTSE 100 will be in for some interesting times ahead. Investors should keep an eye on the market and be ready to capitalize on any potential gains that may come their way. However, it is important to remember that the market is still subject to change. Investors should keep a close eye on the situation to ensure they make the best decisions when it comes to their investments.

FTSE 100 Short-Term Trend: Bullish

The short-term trend on the FTSE 100, therefore, depicts strong bullish action. It appears that the Bulls will bow to pressure anytime soon. Irrespective of the market pullback, the buyers are set on a strong course. On the 4-hour chart time frame, the bulls are still paving the way. The Parabolic SAR (Stop and Reverse) indicator has a strong bullish tendency. The bulls are therefore set to breach the 7711.30 key zone.

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