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Rise and dip as gapped down again | 10245 10315 resistance | 10106 10029 support

Nick@ht-admin
#1 · 18th May 2026, 9:38 am

Technical analysis for 18th May 2026

FTSE 100

  • Bias: Bearish
    • Continuing lower within falling channel
    • Failed recovery attempt and now back below EMA/pivot structure
    • Relative weakness remains significant
  • Key levels
    • Resistance: 10,238 → 10,315 → 10,446
    • Support: 10,106 → 10,029 → 9,897
  • Trading view
    • Favour selling rallies
    • Below 10,150 risks acceleration toward 10,050–10,000
    • Needs recovery above 10,250 to neutralise bearish pressure
  • FTSE remains one of the weakest charts overall.
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Last edited on 18th May 2026, 9:42 am by Nick