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Rise and dip with 8784 8809 resistance | 8740 8716 support | 6200 SPX500

#1 · 27th June 2025, 10:06 am

Technical analysis for FTSE 100 for 27th June 2025

Some optimism crept back in yesterday as the bulls fought back from 8700 and they will be aiming to try and build on that today. However we have initial resistance at the 8780 level with R1 here so we could see a drop off from there and a retest of the 8720 area where we have S1 and the Hull MA support on the 2h chart.

Initially it looks positive with a green 30m coral and the 8750 level holding as support overnight, and the bulls will be keen to keep that intact initially. If the bears were to break below the 8716 level then 8700 round number is next up and then a possible move down towards the 8671 S2 level and just below the key fib 8686. That said I am more inclined to go with the 8720 area holding, especially as the 2h Hull MA is here.

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