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More upside today with 8822 8852 8894 resistance | 8778 8749 support

#1 · 4th June 2025, 10:25 am

Technical analysis for FTSE 100 for 4th June 2025

A great rise on the S&P500 yesterday from the 5900 level which looks set to continue across the board today and the FTSE100 may well have its retest of the 8820 area today. 8821 is R1 and mirrors the recent high, though ultimately we may well see a rise further and a test of the 8852 R2 and possibly even 8900 where we have the next daily level of note.

Initial support is at the 8780 level where we have the daily pivot and the 30m 200ema, and also a green 2h coral support line. If the bulls can defend any test of this then we should see more bullishness continue over the course of today's session, probably helped by UK data out at 0930 with composite and services PMI, both forecasted to have increased.

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