Technical analysis for FTSE 100 for 8th October 2025
The bulls continue to hang in there and still need to break above the recent high at 9517 in order to test the next key level at the 9560 area. They may well manage to do that today if they can defend the 9487 daily pivot, and push though R1 at 9512 as well. The 2h chart is bearish for today still though and we have the Hull MA at the 9517 level to add weight to that level, so the bulls will certainly need to fight hard to break thorough that. The daily Raff channels continue to head upwards so it's generally still bullish sentiment for the FTSE100 at the moment, and the bulls will still ultimately be aiming for that 9700 area. Generally we have been making higher highs and higher lows since late September.
Initial support is at the 9487 daily pivot level and then we also have the green 30m coral here, but the stronger support is a bit lower at the S1 level at 9467, and we also have the 30m 200ema here as well. As such I would like to see that hold today for a push up towards that 9560 area.
If they were to break below this level then the sentiment is likely to flip to bearish and the bulls will be on the back foot. The initial target will be 9442 where we have S2, and then 9428 key fib.
- Predicted direction: Mildly bullish bias today.
- Target range: 9,540–9,560 if momentum continues above 9,513 (R1).
- Key risk: A break below 9,470 (S1) would flip bias to bearish short-term.
- Suggested approach: Wait for a breakout confirmation above 9,515 or dip-buy near 9,470–9,480 zone.
For the DAX40 it's a bit of a similar picture with the initial support at the 24384 daily pivot level. If the bulls can defend this then a rise towards the 24537 level looks likely, and this is strong resistance with R2 and the key fib here. As such a short here is worth a go, as the 2h chart is also bearish with the Hull MA dropping down towards this level as well (24555 at time of writing). As such a short here looks visually appealing! Below the daily pivot then the bears will be aiming for the 24335 200ema, and ultimately 24213 key fib support below that. I am not convinced that they will manage that today though but bear it in mind as support. A rise and dip pattern looks likely.
The S&P500 meanwhile will be wanting to defend 6700 again as it did yesterday, and given the sharp drop off the Hull MA yesterday at 6753 that will be the level that the bulls will need to break. Initial support is at 6698 S1 and we also have the bottom of the rising 10d Raff channel here. As such a hold of this would be good for another push up and if the bulls do manage that then ultimately we may well see a test of the 6768 key fib level. Below 6695 then look for a slide towards the 6671 S2 level - and we have key fib support at 6678 as well. Again a rise and dip would fit the chart well today, with a test of that 6768 level working out well.
Good luck today.
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