FTSE 100
BullishArchived analysis from Nov 2, 2026, 9:23 PM
Key insight
10,773 consolidates below the 2024 swing high at 10,900 — break above opens 11,000 psychological round number. Oil crash to $95 (-6.9%) hurts BP/Shell but Gold at $3,947 more than compensates via miners.
10,773 holds above the 200-day MA near 10,650 while Gold at $3,947 and a weaker USD lift FTSE's heavyweight miners and energy names, offsetting US tech drag.
Main risk
Brent Oil Crash — BP/Shell exposure
Oil down 6.9% to $95.3 — BP and Shell are top-5 FTSE weights; sustained sub-$90 Brent would erase energy sector's 2026 gains and drag the index.
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