FTSE 100

Neutral

Archived analysis from Aug 10, 2026, 1:35 PM

Key insight

10,855 intraday low holding — break below flips to bearish; 11,000 round number is the bull thesis catalyst.

Pulls back from 10,934 high; Hormuz tensions cap gains despite 4-week rally and weak US NFP rate-cut hopes.

Main risk

Strait of Hormuz blockade escalation

Prolonged closure lifts oil costs, squeezes UK margins; FTSE already -0.46% on renewed impasse.

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