FTSE 100 Sustains Upward Bias Above Strengthening Technical Support

FTSE 100 Analysis – December 24

FTSE 100 sustains upward bias above strengthening technical support. The FTSE 100 market is maintaining a firm upward posture, with price behavior remaining closely aligned with its guiding technical indicators. The index continues to trade above the short-term average near $9,780, while a rising medium-term trendline supports the broader advance. Momentum dynamics remain constructive, as the MACD holds above equilibrium and the histogram gradually improves, pointing to measured upside progression rather than signs of late-stage exhaustion.

FTSE 100 Key Levels

Supply Levels: $9900.0, $10100.0, $10,400.0
Demand Levels: $9700.0, $9350.0, $8900.0

FTSE100 Long-Term Trend: Bullish

From a price-action perspective, the market continues to form a consistent sequence of higher swing points, highlighting sustained buying interest during minor pullbacks. The consolidation phase above the $9,700–$9,800 zone has acted as a base-building region, where supply has been repeatedly absorbed. The rebound from trend support near $9,600 further reinforces structural resilience, while the advance toward the $9,900–$9,920 area reflects increasing breakout pressure.

Looking ahead, sustained acceptance above $9,800 should preserve the prevailing bullish trajectory and support a gradual advance toward the $10,100 barrier. A decisive break above this level would strengthen the case for an extension toward $10,400 over the medium term, aligning with broader forex signals that favor trend continuation. Any interim pullbacks are expected to remain corrective, with demand likely to re-emerge near $9,600, keeping the wider upside structure intact.

FTSE100 Short-Term Trend: Bullish

FTSE 100 continues to trade above rising dynamic support near $9,700, maintaining a constructive four-hour structure. Price has consolidated above the former demand zone between $9,700 and $9,800, signaling controlled accumulation rather than distribution.

Momentum indicators remain positively skewed, with the moving average guiding price higher and the MACD holding above equilibrium. A sustained break above $9,900 would likely encourage upside continuation toward the $10,100 region in the sessions ahead.

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