FTSE 100
BullishArchived analysis from Nov 9, 2026, 9:25 PM
Key insight
10,828 cleared the 10,750 prior resistance on strong volume — next test is the 2024 record high near 11,050. Gold +1.7% supports FTSE's heavyweight miners; oil -3.8% drags energy names and caps upside.
10,828 holds above the 200-day MA (~10,400) as global risk-on lifts all major indices; FTSE lags DAX (+2.9%) and S&P (+2.3%) due to flat GBP/USD, limiting export-earnings tailwind.
Main risk
Oil price drop hitting energy sector
Oil -3.8% to $86.2 pressures BP and Shell, which together carry ~10% FTSE weight; sustained crude weakness trims index EPS forecasts.
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