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Trade deals | Buy the dip | 8638 resistance | 8548 8495 support

#1 · 12th May 2025, 9:44 am

Technical analysis for FTSE 100 for 12th May 2025

Well off we go and Bull Monday has already started! Positive news on a US/China trade deal has seen markets gap up which will likely result in a positive vibe for the rest of the day, with buy the dip still in play. As mentioned previously I can see the bullishness continuing until the end of the month.

Initially today though the FTSE100 may well dip down from the 8590 level tested as we have the red 2h coral resistance here and technically the 2h chart is still bearish, though that is likely to change soon. A drop down to the daily pivot and 30m coral at 8549 and 8555 respectively, should then see the bulls reappear for a push back up. We also have a gap from Fridays close at 8544 which is likely to close and lends support to that area.

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