FTSE 100 Maintains Upward Bias Supported by Firm Technical Momentum

FTSE 100 Analysis – November 12

FTSE 100 maintains an upward bias supported by firm technical momentum. The FTSE 100 index continues to advance steadily, holding above the $9,700 support level while building momentum toward the $9,900 region. The moving averages remain positively aligned, confirming consistent buyer dominance in the market. Meanwhile, the RSI near 70 indicates a strong upward drive without immediate signs of exhaustion, reflecting sustained investor confidence and favorable market sentiment.

FTSE 100 Key Levels

Resistance Levels: $9700, $9900, $10100
Support Levels: $9520, $9350, $8900

FTSE100 Long-Term Trend: Bullish

From a technical standpoint, price action has maintained the bullish order block around $9,700, serving as a dependable base for further appreciation. The clear move above the short-term resistance near $9,750 demonstrates renewed strength, with each retracement forming higher lows that preserve the market’s upward rhythm. Overall, this structure highlights a constructive continuation pattern in which buyers remain firmly in control, even during short consolidation phases.

Looking ahead, the FTSE 100 appears poised to test the $9,900 resistance, with potential for an advance toward the $10,100 mark if buying momentum continues. A decisive daily close above $9,900 would confirm the continuation of the prevailing uptrend. Should the price revisit the $9,700 area, it is expected to act as a new demand zone, reinforcing the broader bullish market framework. Traders can also monitor forex signals to identify potential entry and exit opportunities as momentum builds.

FTSE100 Short-Term Trend: Bullish

FTSE 100 has broken above the equal high (EQH) level, signaling renewed bullish strength on the four-hour chart. The breakout is supported by sustained momentum above the short-term moving average, confirming a continuation bias. The RSI remains close to the overbought territory, indicating strong buyer dominance. A brief retest of the 9780–9800 area may occur before the price extends its gains toward the 10100 resistance region.

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