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OPEX today | 8672 8705 8726 resistance | 8650 8620 support

Technical analysis for FTSE 100 for 21st February 2025

A bearish drift down to the 8650 level yesterday which has held overnight, however the bears will be looking to push down towards the 8615 area where we have a cluster of supports for today. Retail sales data has just come out which shows a decent uptick for January which the bulls will be relieved about. The main event today though is the various USA and UK PMIs (and also expiry at 10:10 this morning). The UK ones are out at 0930 sp expect some volatility then, while the USA ones are released at 1445.

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