Technical analysis for FTSE 100 for 12th August 2025
Just getting back into the swing of things... if you have the 9085 long from Friday still running, I have just closed mine at 9140. We got a decent enough bull Monday yesterday and could well see a bear Tuesday play out today with a drop off from the 9180 area where we have the key fib and just above the 9175 daily resistance level that is in play still.
Initially we may well see a dip down to the 9110-9120 area where we have the 2h Hull MA as support, along with the daily pivot and ahead of the UK employment data - probably going to show a further contraction. I would like to see this level hold to set up the rise towards the 9180 area before some possible selling later on.
If the bears were to break below the 9110 and also the 9100 round number then a retest of the 9080 level his next up, with 9065 below that and a level that would be worth trying another long from as we have daily support here, along with the key fib. It probably won't get much lower than that (famous last words) but the next daily support lower down is 8982.
If the bulls meanwhile were to break above the 9180 level then 9205 is next up, where we have the next daily resistance level and just above 9195 R3 for today. Again, the bulls probably won't push much past this as we are in the lower volume August trading period for the moment.
Positive news on tariff truces, along with a possible cessation to the Ukraine war soon will both be helping the bullish sentiment for the moment though.
The DAX40 2h chart is currently bearish with Hull MA resistance at 24246 and then the key fib slightly higher at 24283. If we see a test of this fib level then a drop off from here would fit well, to drop down and test the daily pivot at the 24133 which is holding as initial support to start with today. Below the pivot then 23957 is the next key support and would be worth trying a long from.
The S&P500 meanwhile looks like it will be on for an early test of the 6401 level where we have R1 and if the bulls were to break above this (and the recent 6405 high yesterday) they could possibly get it to 6435 again, and splitting R2 & R3. Support wise, a break of the daily pivot support 6384 would likely see a drop down to test the 6358 S1 level. The 2h chart is currently bearish as well, with 6392 as Hull MA resistance.
Good luck today.
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