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More bullishness with tariff deals | 9135 9167 9215 resistance | 9090 9034 support

#1 · 24th July 2025, 10:42 am

Technical analysis for FTSE 100 for 24th July 2025

The bulls are certainly ticking off the milestones with 9100 now broken as trade deals are flowing through thick and fast now. Hope for an EU one shortly with a 15% rate are helping initially this morning ahead of PMI and June's retail sales out later.

Initially we may well see a push up to the 9140 area where we have R1 and the first resistance level, with the top of the still rising 10d Raff channel here, and then 9154 for the key fib. Some profit taking is likely to kick in at some point soon, either today or tomorrow ahead of the weekend. If the bulls break above the 9150 level then R2 is fairly close at 9167, though they will likely try and push for the next round number 9200. How quickly its recovered from the fear that pervaded markets not that long ago!

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