FTSE 100: the stock index continues the correction

2026. 11. 10. 오전 10:38:35

Current trend

The leading index of the London Stock Exchange, the FTSE 100, demonstrates local upward momentum, trading near the level of 10847.0, despite the general weakening of the European sector, as the main period of corporate reporting is not yet complete.

Meanwhile, the report published today by the British Retail Consortium (BRC) reflected a slowdown in the growth of consumer spending: in October, the total indicator increased by 1.5% YoY, which is slightly lower than 1.6% in October of last year, while the implementation of food products increased by 3.2% relative to 3.5% a year earlier, and non-food products increased by 0.1%, and in stores of this category decreased by 1.1% compared to the growth of 0.1% last year. The online retail segment accelerated by 1.8% relative to 0.8% last year, and its share in the retail sector increased from 38.2% to 38.6%.

Against the preservation of tension in the energy market, the yield of debt securities locally decreases: annual bonds are traded at the rate of 4.513% relative to 4.551% last week, popular 10-year bonds at 5.130% against 5.167% on Friday, conservative 20-year bonds at 5.548% relative to 5.574%, and global 30-year bonds at 5.588%, below 5.611% earlier.

Among the leaders of growth in the index at the moment, one can highlight Antofagasta PLC (+6.17%), Anglo American PLC (+5.21%), Fresnillo PLC (+4.97%), Babcock International Group PLC (+4.77%), and Rolls-Royce Holdings PLC (+4.71%).

The shares of Imperial Brands PLC (–2.49%), Haleon PLC (–2.39%), Whitbread PLC (–2.26%), British American Tobacco PLC (–1.97%), and Smith & Nephew PLC (–1.77%) decreased the most.

Support and resistance

On the daily chart, the trading instrument tries to move away from the support line of the global ascending channel with boundaries 11800.0–10500.0.

Technical indicators strengthen the unstable buy signal: the fluctuation range of the EMA of the Alligator indicator expands, and the AO histogram forms correction bars in the positive zone.

Support levels: 10770.0, 10580.0.

Resistance levels: 10880.0, 11080.0.

Trading tips

Long positions can be opened after the growth and consolidation of the price above the level 10880.0 with the target 11080.0 and stop loss 10800.0. Implementation period: 7 days or more.

Short positions can be opened after the price decreases and consolidates below the level 10770.0 with the target 10580.0. Stop loss is 10870.0.

시나리오

타임프레임	Weekly
추천	BUY STOP
진입 지점	10880.0
Take Profit	11080.0
Stop Loss	10800.0
지지선	10580.0, 10770.0, 10880.0, 11080.0

대체 시나리오

추천	SELL STOP
진입 지점	10770.0
Take Profit	10580.0
Stop Loss	10870.0
Stop Loss	10580.0, 10770.0, 10880.0, 11080.0