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CPI rises to 3% | 8750 8721 support | 8772 8803 8818 resistance

Nick@ht-admin
#1 · 19th February 2025, 11:19 am

Technical analysis for FTSE 100 for 19th February 2025

We start off the day with PPI and CPI January data out at 7am, likely to generate some movement.  Initially today the bulls will be looking to defend S1 and the 2h Hull MA at 8755 and if they manage to do so then we may well finally see a test of the 8820 area. That should act as decent resistance as we have R3 here, along with it being the daily level of note.

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Last edited on 19th February 2025, 11:21 am by Nick