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Can the bulls defend | 8720 8686 support | 8750 8802 resistance

#1 · 22nd May 2025, 9:52 am

Technical analysis for FTSE 100 for 22nd May 2025

Well the S&P500 certainly dropped off the 5937 resistance yesterday and we may well see any rise today sold again. That may well be the case for the FTSE100 as well, with the 8802 key fib level looking like strong resistance, along with the 8792 Hull MA level on the 2h chart. The 30m chart is more bearish to start with as well, and has the daily pivot at the 8748 level and coral line both here as the first hurdle that the bulls would need to jump.

Initially therefore we may well see a dip down to the 8720 200ema level and the bulls would certainly be looking to defend any drops, especially while the 2h coral is green, and the daily Raff channels are continuing to head up. It still feels like they would like to break 8800 though to test that 8900 level!

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