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Bulls driving with 9331 9356 resistance | 9261 9205 support | 9700 next?!

#1 · 21st August 2025, 10:03 am

Technical analysis for FTSE 100 for 21st August 2025

Well that all got a lot more bullish for the FTSE100 with it eventually managing to test the 9290 resistance and also push past 9300, the next round number hurdle. Now that means that the bulls ultimately have a clear run at the 9700 before too long, somewhat amazingly! Might see that 10000 level before too long too!!

We may well see some consolidation today but if the USA can continue its bounce from the lows yesterday then a hold above 9300 is on the cards for today. Initial support is at the daily pivot level at the 9261 so should we see an initial leg down to there then a bounce would make sense. The bulls will be looking to push past yesterdays high and the key fib at 9331 is first up, with R1 at 9356 above that. Given the climb yesterday we are not far off the top of the Raff channels for today (good hold of the 10d yesterday though at the 9160 area), with the top of the 20d Raff at 9320, and the 10d at 9340.

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