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Inflation climbs again | 9160 9120 support | 9201 9219 resistance

#1 · 20th August 2025, 9:32 am

Quote from Nick on 20th August 2025, 9:32 am

Technical analysis for FTSE 100 for 20th August 2025

To start off the day we have seen inflation jump to its highest level since January last year, official figures showed, complicating the picture for the Bank of England over future interest rate cuts. Prices rose at an annual pace of 3.8pc in July, according to the Office for National Statistics (ONS), up from 3.6pc in June. The jump was higher than analysts predictions of a jump to 3.7pc.

As such, we have already had the spike down as I am writing this to nearly test the first support level for today at 9160. This level remains support for the moment with S1 here and also just below the 2h coral line. If the bears were to break below this morning then look for a drop down to the 9120 area, and possibly even 9100 which is the lower daily support area as well as the round number.

The bulls will be looking to fight back in the USA after yesterday's mauling (nice drop from the 6450 S&P500 resistance level!) and we may well see an initial climb to retest the 6430 area on that. That may well help the FTSE100 put in a climb towards the 9220 area where we have R2 for today. Prior to that then R1 at 9201 is the next level to look for if the bulls manage to break above the pivot early on.

I don't think we will head much above 9220 but if we do then the daily resistance level at 9300 is still in play and the short term target.

The daily Raff channels continue to head up and the 2h chart is now also weakly bullish for today, but the bulls will need to be quick out the blocks.

For the DAX40 it looks like a drop down to the support level at 24190 to start with, and we also have the key fib here so it would be good to see this hold and the bulls bring it back up to the 24350 daily pivot area. This is decent resistance with the daily pivot and the red 30m coral here, so the bulls will need to try hard to break this, and if they were to do so then there is the key fib at 24504 next up. Looks like a dip and rise today though.

The S&P500 will be looking to retrace some of yesterdays drop and try to get back above the 6400 level and the bulls will need to defend the S1 level initially at 6389. A subsequent rise if they do so towards the 6430 resistance area and then a drop off from there may well play out. Below 6389 then the key fib at 6376 is the next level to look for a bounce.

Good luck today.

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Technical analysis for FTSE 100 for 20th August 2025

To start off the day we have seen inflation jump to its highest level since January last year, official figures showed, complicating the picture for the Bank of England over future interest rate cuts. Prices rose at an annual pace of 3.8pc in July, according to the Office for National Statistics (ONS), up from 3.6pc in June. The jump was higher than analysts predictions of a jump to 3.7pc.

As such, we have already had the spike down as I am writing this to nearly test the first support level for today at 9160. This level remains support for the moment with S1 here and also just below the 2h coral line. If the bears were to break below this morning then look for a drop down to the 9120 area, and possibly even 9100 which is the lower daily support area as well as the round number.

The bulls will be looking to fight back in the USA after yesterday's mauling (nice drop from the 6450 S&P500 resistance level!) and we may well see an initial climb to retest the 6430 area on that. That may well help the FTSE100 put in a climb towards the 9220 area where we have R2 for today. Prior to that then R1 at 9201 is the next level to look for if the bulls manage to break above the pivot early on.

I don't think we will head much above 9220 but if we do then the daily resistance level at 9300 is still in play and the short term target.

The daily Raff channels continue to head up and the 2h chart is now also weakly bullish for today, but the bulls will need to be quick out the blocks.

For the DAX40 it looks like a drop down to the support level at 24190 to start with, and we also have the key fib here so it would be good to see this hold and the bulls bring it back up to the 24350 daily pivot area. This is decent resistance with the daily pivot and the red 30m coral here, so the bulls will need to try hard to break this, and if they were to do so then there is the key fib at 24504 next up. Looks like a dip and rise today though.

The S&P500 will be looking to retrace some of yesterdays drop and try to get back above the 6400 level and the bulls will need to defend the S1 level initially at 6389. A subsequent rise if they do so towards the 6430 resistance area and then a drop off from there may well play out. Below 6389 then the key fib at 6376 is the next level to look for a bounce.

Good luck today.

Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting

Recommended Broker for trading - MT4/5, web and mobile

IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!

Membership, Trading Tips, Support and Resistance Levels with Live Trading

If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.

Keep up to date with new website posts, free sign up below

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