FTSE 100

Key insight

10,547 sits between 50-day MA support at 10,480 and range resistance at 10,650 — a close below 10,480 opens the 200-day MA at 10,320; US strength has not lifted the FTSE, signalling relative weakness.

Fell 0.57% to 10,547 — diverging from S&P 500 (+0.4%) as European indices led lower; GBP/USD at 1.3254 keeps export-earner tailwind limited while oil at $88.9 drags energy sector.

Main risk

Oil price slide below $89

Oil at $88.9 (-1.0%) pressures BP and Shell, which carry ~12% FTSE 100 weight; a break below $85 would accelerate index downside toward 10,320.