Swingfolio Daily
ASX briefings — Tuesday 26 May 2026
Morning setup and afternoon close recap for Tuesday 26 May 2026. Observations only — no trade advice.
Tuesday 26 May 2026
ASX morning 26 May: oil's 6% slide splits the open, Wall Street shut for Memorial Day
Wall Street was shut for Memorial Day, so US index futures (S&P 500 +0.89%, Nasdaq-100 +1.25%) carried the overnight lead. SPI 200 futures rose 1.2% to 8,734, pointing to a higher ASX open after Monday's 8,692 close (+0.40%). Brent crude's 6.3% slide to US$93.92 on US-Iran de-escalation hopes hit Woodside and Santos while lifting Qantas and gold miners.
ASX 200 dips to 8,657 as oil's 4% slide sinks utilities; miners the lone gainers
The ASX 200 fell 0.39% to 8,657.8 on 26 May 2026, snapping a three-day rise as crude oil's ~4% slide (WTI US$92.63, Brent US$96.38) dragged utilities (−2.17%) and energy. Materials (+0.15%) was the only sector to advance, led by S32.AU +4.75%, while gold miners mostly fell with bullion flat at US$4,529/oz. Banks softened before Wednesday's April CPI print.