FTSE 100

Key insight

10,678 sits in no-man's-land: 200-day MA at 10,400 anchors the floor, 2026 swing high at 10,900 caps the ceiling. Break either way resolves the range — oil at $93.9 and GBP/USD at 1.3386 are the swing factors.

10,678 holds above the 200-day MA near 10,400 but stalls below 10,750 resistance; flat +0.24% gain reflects cautious risk appetite as oil slides 2.6% — headwind for FTSE's large energy weighting.

Main risk

Oil price slide — energy sector drag

Oil -2.6% to $93.9 pressures BP and Shell, which together represent ~10% of FTSE 100 index weight; sustained drop toward $88 risks a 1–2% index drag.