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Bullish momentum | 8752 8723 support | 8780 8820 8865 resistance

#1 · 18th February 2025, 11:51 am

Technical analysis for FTSE 100 for 18th February 2025

The USA returns from their day off yesterday and the big event is the start of the peace talks in Saudi over Ukraine. We may see some volatility as that plays out. We also have a 20 point dividend this week for the FTSE100 which will also be helping the bulls, more so tomorrow as its applied on Wednesday. We have seen the 8700 level defended and a fairly decent bull Monday yesterday as they took it up to the 8780 area. That has made the 2h chart bullish, with the red coral at 8775 now to break. Support from the Hull MA for today is now at 8754.

As such we may well see a rise and dip today today as well, but possibly (hopefully?!) with a bigger dip than yesterday. It's all generally looking quite positive and we may well see a rise today to test the 8820 area where we have the key fib and the key daily level to act as resistance.

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