FTSE 100
BullishArchived analysis from Oct 28, 2026, 2:21 PM
Key insight
10,750 swing-high resistance is the gate: a daily close above it opens 11,000. GBP/USD stable at 1.3307 removes FX headwind. Energy surge (+2.3% oil) gives the index's top sector a direct tailwind today.
10,722 holds above the 200-day MA near 10,500 and tests the 2026 swing high at 10,750 — oil at $101.6 lifts energy heavyweights, the FTSE's largest sector by index weight.
Main risk
Oil spike reversal / stagflation risk
Oil at $101.6 (+2.3%) boosts energy names short-term but lifts UK CPI expectations, delaying BoE cuts and squeezing consumer-facing stocks.
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