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Aneamic GDP 0.1% | 8350 8404 resistance | 8290 8250 support

#1 · 16th January 2025, 10:24 am

Technical analysis for FTSE 100 for 16th January 2025

The bulls managed to retest the 8325 level after the bell where we stalled once again, however we may well see some more upside today towards the 8350 and 8400 levels both of which are key daily resistance above 8325. The US bounce from Monday's low (and pre election gap close) continues apace, and the US bulls will be aiming for 6000+ on the S&P500. 6035 is the red daily coral so the main level to keep an eye out for above 6000.

Whilst the FTSE100 Raff channels are both heading up, the S&P500 and NASDAQ ones are still trending downwards so the bulls will certainly be looking to break past the daily resistance level in the US - 6000 being that key level.

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