FTSE 100
BullishArchived analysis from Oct 12, 2026, 3:30 AM
Key insight
10,600 round-number resistance tested — a clean weekly close above flips it to support and opens the 2024 record high at 10,900. Failure here risks a pullback to the 50-day MA at 10,420.
10,599 holds above the 200-day MA near 10,400 — index trades at multi-year highs, supported by a weaker GBP/USD at 1.3242 boosting FTSE's dollar-earner heavy composition.
Main risk
Brent Crude -2.2% intraday drop
Oil at $89.4 hits BP, Shell, and energy sector weighting (~14% of FTSE) — a sustained slide below $85 pressures index earnings estimates materially.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→