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Bull Monday if 9470 defended | 9504 9543 resistance | Rise and dip

Nick@ht-admin
#1 · 6th October 2025, 9:53 am

Technical analysis for FTSE 100 for 6th October 2025

We have tested the 9504 resistance level from Friday overnight and seen a modest reaction so the bulls will be looking to break above that today which would more than likely get a rise towards the 9543 level. This may well cap proceedings for today but if not then I am looking for a rise towards the 9600 area where we have the next daily resistance level. That may well be a big ask for today though as the US government shut down continues into this week, and gold continuing to rise (usually a safe haven in terms of uncertainty) but also more crucially the daily RSI level is currently at 75 - so that could limit upside, though of course the RSI can remain overbought (above 70) for a while before we see that reflected in the price.

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Last edited on 6th October 2025, 9:54 am by Nick