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UK Inflation rises 3.5% in April | 8766 8712 support | 8818 8851 resistance

Nick@ht-admin
#1 · 21st May 2025, 9:32 am

Technical analysis for FTSE 100 for 21st May 2025

We got the rise and dip play out yesterday and this morning we are straight into things with the CPI figures at 7am. That has just come in slightly above expectations at 3.5% for the year. However the FTSE100 is on its support at the 8766 level at the same time so again we may well see a rise and dip. The bulls will be keen to try and push past the 8800 level which keeps alive the hopes (plan!) for a test of the 8900 level in May.

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Last edited on 21st May 2025, 9:33 am by Nick