Technical analysis for FTSE 100 for 7th October 2025
The 9505 area held as resistance during the session so that remains the line in the sand that the bulls will need to break and if they manage then we may well see a rise to test the 9520 area for another test of the Hull MA on the 2h. Above that then we have the 9560 level as the next daily level of note, and again a short here is worth a go if seen.
This level is also just above the 9557 R3 level for today so I can't see the bulls getting past that today, especially as we may well have a bear Tuesday bias today.
Despite the 9505 holding as resistance yesterday the bears didn't exactly drive it down from there. To start with we do have resistance at the 9482 level with the daily pivot and red 30m coral here, so we may well see a bit more bear power here for a dip down to the 9450 support level.
If we were to see that today then I would like to see that hold as it's S1 and also the 30m 200ema, so in theory should be decent support and the bias is after all still bullish on the longer term charts. The daily Raff channels continue to head up strongly as the bulls look to get that rise to 9700 play out.
If that breaks then 9418 is the key fib level and just below the S2 9427 for today though I don't expect it to get that low, even with the French political situation throwing a bit of chaos into the mix.
Keep an eye on the 9520 and 9560 levels for shorts today.
For the DAX40 the 2h chart is firmly bearish, and has decent resistance at the 24509 level initially with 24537 and then 24595 above that. Initially we may well get a drop down to the support level at 24290 where we have S1 and the 30m 200ema, and if we did get that then I would like to see that hold for a bounce. If it breaks then look for the 24205 level next as key fib support.
The S&P500 looks like it may also get an initial drop to start with and a test of the 6718 level where we have the S1 and 30m 200ema as support. The 30m coral is bearish to start with and has resistance at 6739 - ergo an initial dip down would make sense. The daily Raff channels continue to head up as well, so the bias on the longer timeframes is still bullish. Resistance is at the R1 level 6749 today, with a possible rise as far as the key fib at 6775 - though that feels a big ask for a bear Tuesday! And the US government shut down is still going......
Good luck today.
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