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Markets being resilient | rise and dip | 8875 8895 8914 resistance | 8847 8807 support

#1 · 16th June 2025, 9:30 am

Technical analysis for FTSE 100 for 16th June 2025

The markets once again proving that they can climb a wall of worry sees the futures looking optimistic for another rise and dip to play out today with a possible test of the 8910 level on the cards. With R2 and the key fib both here, we could then see some profit taking/shorting play out at this point. Prior to that we have the red coral on the 2h chart at 8867, aligning with the R1 level at 8875 so the bulls will be looking to break above this early on.

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