FTSE 100

Bearish

Archived analysis from Nov 5, 2026, 9:23 PM

Key insight

10,600 50-day MA is the last technical defence. Break below invites a flush to 10,400 prior swing lows. Oil at $89.8 (+2.6%) cushions energy names but cannot offset the scale of US tech selling hitting global risk appetite.

Falls 2.0% to 10,685 as global risk-off accelerates — S&P 500 -4.7%, Nasdaq -6.8%. FTSE holds above 10,600 50-day MA but breadth is deteriorating with no catalyst to stabilise.

Main risk

US Equity Contagion — Nasdaq -6.8%

Nasdaq -6.8% single-session shock transmits directly to FTSE via global risk channels; sustained selling breaks 10,600 MA support.

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