Technical analysis for FTSE 100 for 25th July 2025
A fairly lacklustre day yesterday but the FTSE held on and consolidated its recent gains, to set up the 9100 level as the key support for the moment and a possible test of the 9180 resistance level for today. 9165 is R1 and the first hurdle that the bulls will need to overcome, and if they can keep the momentum going from yesterday then they should overcome that. 9180 is then the daily resistance level as mentioned, and just below the R2 and key fib at around the 9190-9195 area which may well cap proceedings today, especially as its Friday and we could see some profit taking later ahead of the weekend.
That said the longer term charts are still firmly bullish with the Raff channels heading upwards, and the 2h Hull MA support at 9130 for today. As per yesterday its still buy the dips really for the moment. The ASX200 had a similar pattern play out with the dip getting bought up and we may well follow suit.
Support wise the daily pivot is 9132 and the first major support, along with the Hull MA here, but a break of this will then likely see a slide down towards the S1 level at 9107. With the rising 2h coral possibly coinciding with this later, as well as the round number, we may well see a bounce here if tested.
If the bears were to break this then the 30m 200ema and key fib are both at 9075, along with S2 so it would be keen to defend any test of that level. Generally today I am looking at 9130 and 9107 as the main supports to watch out for though. Retail sales have just cone in below expectations.
It may well be a similar pattern for the DAX40 today with a drop down to the key fib 24178 level and possibly 24154 S1. If that holds then the bulls will be aiming for a rise towards the 24360 daily pivot level, but note that the bearish 2h chart has Hull MA resistance at 24324 to start with as well. Higher up then 24511 key fib is the major resistance. if the bears break below the 24150 level then 24029 is S2 but close to the round number which may well get tested and the bulls attempt to defend.
The S&P500 also has daily pivot support initially at 6370 along with the Hull MA on the 2h here. As such it would be good to see that hold and the bulls to push for a rise towards the 6400 level, and possibly as high as R3 at 6412 before some profit taking later. Below the daily pivot then we could see a slide as low as S3 at 6334 as we also have the key fib here.
Good luck today and have a great weekend.
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