FTSE 100

Key insight

10,714 cleared the 2025 swing high at 10,650 — a level that capped three prior rallies. Sustaining above it opens the 2026 record at 10,900. FTSE's heavyweight commodity tilt benefits directly from gold's $4,355 surge.

10,714 holds above the 200-day MA near 10,480 and the 2025 swing high at 10,650, confirming a bullish structure. Gold at $4,355 lifts FTSE's large mining/energy sector, offsetting oil's -2.1% drop.

Main risk

Oil slide & energy sector drag

Oil -2.1% to $99.5 pressures FTSE's energy giants. A sustained break below $97 tests BP/Shell earnings assumptions and could pull FTSE back under 10,650.