Technical analysis for FTSE 100 for 13th August 2025
The bulls managed to hold the 9120 level yesterday on the drop down as the bears attempted a bear Tuesday and today we may well see the bulls try and build on that bounce. Initial resistance remains at the 9175 level and we also have R1 at 9185 to start with, so an initial dip down from this area may materialise.
If the bulls can break above the 9185 then I am looking for a test of the 9205 area where we have the R2 level but also more crucially daily resistance, as well as the round number. As such we may see a more significant drop off this level if it gets tested today and a drop down to the 9150 area or lower.
Overall today we may well see a bit of consolidation though, especially from the US markets which put in a decent rise yesterday, with the S&P500 adding nearly 100 points.
If the bears were to break 9150 then slightly lower support comes in from the 2h chart with the Hull MA at 9140, and 9120 again for the green coral. If this broke then then we may well see the bears try and test the 9075 area where we have the bottom of the 20d Raff channel and just above the 9066 daily support level. I am not expecting it to be that bearish today though and would like to see the 9150 area hold really.
Just going back to the bullish side of things, if they were to break above the 9205 then look for a test of the R3 level at 9237, which is also the top of the 10d Raff channel and would be wroth trying a short off. Above that the next daily resistance level is 9262 but probably a big ask for today!
For the DAX40 today, initial support is at the 24080 level where we have the daily pivot and the 30m green coral line, so the bulls will be keen to defend this and break above the 24200 level. If they did then a rise towards the key fib and shorting area at 24264 is next and worth a short from. The 2h chart is actually bearish still though and has Hull MA resistance any 24200 currently - yesterday's high and the level that the bulls will need to break. Below the 24075 level then 23938 is the next support level to look for, for a possible bounce.
The S&P500 will likely consolidate as mentioned and I am looking at support at the 6420 area where we have the daily pivot and Hull MA on the 2h chart. If this holds then a rise towards the 6470 level for a test of the key fib and R1 would fit the charts well and this latter level is worth a short if seen. Both the Raff channels continue to head upward was well as the bullish optimism persists on the US markets, despite the low volume August trading period.
Good luck today.
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