FTSE 100
BullishArchived analysis from Sep 28, 2026, 1:22 PM
Key insight
10,740 holds as FTSE outpaces US indices; break above 10,800 resistance opens the 2026 swing high at 10,950. Oil at $93.3 (+1.8%) directly lifts energy heavyweights Shell and BP, the index's largest sector weight.
Holds above 10,700 round number and 50-day MA while European peers (DAX +0.4%, CAC +0.7%) outperform a retreating Wall Street, confirming relative strength in large-cap UK exporters.
Main risk
US Equity Sell-Off Contagion
S&P 500 -0.4% and Nasdaq -0.6% today; sustained US weakness drags global risk appetite and historically pulls FTSE below the 10,600 200-day MA.
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