FTSE 100
BullishArchived analysis from Oct 29, 2026, 2:21 PM
Key insight
10,735 trades in breakout territory above the prior 2024 high at 8,474 and the 2025 record near 9,000 — next structural resistance sits at 10,800. DAX +1.2% and CAC +1.1% confirm broad European strength, not a UK-specific squeeze.
10,735 holds above the 200-day MA (~10,400) and tests the 2026 swing high zone near 10,800; GBP/USD flat at 1.3307 removes FX drag, supporting the index's outperformance vs flat US futures.
Main risk
Brent Crude reversal at $100
Oil -0.9% back below $101 compresses energy-sector earnings, which carry ~12% FTSE index weight and anchored much of the 2024-26 re-rating.
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