FTSE 100

Key insight

Stall at 10,642 with FTSE underperforming every major European index today; reclaiming 10,700 round number and the September swing high at 10,780 is the minimum required to shift near-term bias bullish.

10,642 holds above 200-day MA (~10,400) but trails European peers — DAX +0.2%, CAC +0.2% while FTSE -0.1% — heavy-weight energy drag as Brent crude slides 0.7% to $95.8.

Main risk

Oil slide hitting energy heavyweights

Brent at $95.8 (-0.7%) pressures Shell, BP — energy is ~12% of FTSE index weight, making crude the index's single biggest real-time lever.