Technical analysis for FTSE 100 for 15th August 2025
The bulls have finally managed to push past the 9185 level and out of hours, also the 9205. As such that means the next key level they will be aiming for is 9300. The lower volume but still optimistic August is playing out with the sedate drift up and it still remains a buy the dip market. Initial resistance though is at the 9238 R1 level and we may well see a drop off from this to start with, down to the support at 9186 daily pivot, and also a back test of the previous resistance area now becoming support.
Above the 9238 R1 level we will likely see a rise towards the 9300 level, with 9266 R2 a possible stumbling block prior to that. If the bulls were to get it towards the 9300 area then we will likely see some profit taking here ahead of the weekend, especially as we have the Trump Putin meeting in Alaska tomorrow and what the future of the Ukraine war is going to be....
If the bears break below the daily pivot at 9186 then 9160 is both the S1 and the 30m 200ema level, and should see a reaction, however if sentiment gets more bearish then a test of the lower daily support at 9138 is possible. I am more inclined to go with the 9185 area holding today though.
At 1330 we have US retail sales data released so expect a bit of chop around then, but as per the FTSE100 the US markets looks like they will also get a rise and dip play out today.
Talking of the S&P500, it's still making new highs but we have initial resistance at R1 6486 so a drop down from here to test the daily pivot support at 6458 before climbing again would fit the charts well, and ultimately today a test of the 6500 should then see some profit taking again - we have R2 and the key fib both here, along with it being the round number so a short off this is worth a go.
For the DAX40 today a drop down to test the 24329 daily pivot and then a climb to 24650 is possible, and initially we are just at the key fib resistance 24507.
Good luck today.
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