FTSE 100

Key insight

10,707 is sandwiched between 10,650 200-day MA support and 10,750 prior swing high resistance — a break either side sets the next 150–200pt move. Oil at $100.6 keeps energy sector bid, limiting downside.

10,707 holds above the 200-day MA near 10,650 but stalls below 10,750 resistance; flat -0.05% print with no directional conviction as global equities tread water.

Main risk

Brent Oil Reversal from $100

Oil slipping -1.0% from $100.6 threatens BP/Shell earnings revisions; energy is ~14% of FTSE 100 weight, so a drop below $95 hits index hard.