FTSE 100

Key insight

10,769 cleared intraday resistance at 10,750 (50-day MA); a daily close above this level opens a run toward the 2026 record high at 10,900. Gold at $4,361 (+2.3%) boosts FTSE's heavyweight miners, amplifying upside momentum beyond the index-wide +0.7% gain.

10,769 holds above the 200-day MA near 10,600 as global risk-on lifts all majors; S&P 500 +1.3% and Gold +2.3% confirm broad demand, tilting FTSE's next move toward the 2026 high at 10,900.

Main risk

Oil slide undermining energy sector

Oil -2.1% to $96.1 — FTSE energy heavyweights (Shell, BP) face earnings pressure; energy is ~10% of index weight.