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8602 8640 8695 resistance | US CPI | 8550 8506 support | Bear Tuesday

#1 · 13th May 2025, 9:45 am

Technical analysis for FTSE 100 for 13th May 2025

A decent day yesterday with the FTSE100 respecting the support and resistance levels. That has set up a potential bear Tuesday today and we have the 8600 area as the key resistance to start with. We also have the US CPI news out today at 1330 so expect some volatility then. Initially today I am looking at a rise towards the daily pivot and 30m coral line at the 8603 level, whereupon we may well see the bears have a go. That would also be a lower high with yesterday after the double top at the 8635 area.

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