Technical analysis for FTSE 100 for 14th August 2025
The 9125 to 9185 range is firmly in play this week as we have the typical August slow moving chop. The bulls probably have the edge at the moment though and we may well see a rise and dip again today, with it still looking like any break of the 9180 level will manage 9205. As such a short here is worth a go if seen, as we also have 9210 for R2 and the key fib.
Initial support is at the 9125 S1 level and the level that the bulls have defended all this week, coupled with the S&P500 looking like it will also get a rise and dip today (its sat on the Hull MA support at 6456 as I write this) and a possible test of 6500, which would help pull up the FTSE100.
Below 9120 then then 9090 key fib aligns with S2 at 9097 and the round number so if the bulls are going to keep up the momentum then this should hold if seen. Lower down then the daily support at 9066 remains in play. I am not expecting it to get that low though (famous last words!).
If the bulls were to break above the 9210 level then 9238 R3 is next up, though with GDP just being released sowing "growth" of only 0.3% for Q2 they are unlikely to get a strong tailwind!
For the DAX40 I would like to see S1 at 24109 hold initially for a rise towards the 24345 are where we have the key fib and the R2 level, if it is going to following a rise and dip pattern also. The bulls will need to break the pivot initially at the 24179 level, but if they manage that then a short at the 24345 area should work well. Below S1 then look for 24029.
The S&P500 also looks like a potential rise and dip, and as mentioned is sitting on the Hull MA support at 6456 currently. That could trigger a rise towards the 6500 round number area, where we also have the key fib (6506) and the R2 level (6503). Shorting here would then be viable for a drop back down to where we started the day at 6450! Typical August - move about a bit but generally not really going anywhere!
Good luck today.
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