Technical analysis for FTSE 100 for 14th July 2025
The bulls are starting the week on the back foot with the US markets already gapped down. That said a rise and dip may well play out today as we are currently on the 8920 daily support level, along with the green 2h coral in this area. If they do hold this initially then I am thinking that we will get a rise towards the 8985 area which is the daily resistance and the level that we dropped off from on Friday. 8975 is also the Hull MA on the 2h chart and would be the first test of that since it went bearish. As such that area "should" be decent resistance.
Below 8925 then the bears will be looking to break 8900 but we have 8909 for S1 and the 30m 200ema which should hold the first test of this level. A break of 8900 though and then the bears will gain the momentum and we will likely see them try and take it down towards the 8877 S2 level. 8880 is also the key fib support to lend some weight to this level as well.
The Raff channels continue to head up and the bottom of the 10d Raff is at 8850 now, and though we may not dip that low today it should hold if we do.
So looking at a rise and dip with the 8985 area as key. However if the bulls were to break above that then 8995 is the key fib next, and then 9022 for R2. Once again the round number 9000 is back in play, and the bulls really need to break above this with some conviction to push higher towards the next key daily level around the 9075 area.
For the DAX40 it may also put in a rise and dip with a bit of Bull Monday to start with. It's a weak start so the bulls will need to be quick out the blocks, and defend the S2 level at 23971. We are also looking like an open just below the bottom of the 10d Raff channel and a possible test of the bottom of the 20d Raff at 23900, which also coincides with the 25ema on the daily chart. A rise initially towards the daily pivot at 24285 and the 30m 200ema would fit the chart well, but the ball is in the bulls court to make that happen, and not just slide at the open. Above 24285 then the Hull MA and coral are at 24475 but that feels a big ask for today.
The S&P500 has a gap to close at the 6252 level, and the daily pivot at 6257 as resistance initially. As such a rise to this area and then a drop would make sense, though again the bulls need to defend first thing, with the price currently just below S1. It is thought at the bottom of both the Raff channels at 6215-6220 so watch this level closely for an initial hold. Once again tariffs are back at the fore and it's these that will drive the price around once again. We do start earnings season this week though too which may weigh on the index as we go through the week, as they are largely expected to be weaker. If the bulls were to break 6260 today then the recent high at 6290 and just above R1 6281 looks a decent area to cap proceedings today.
Good luck!
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