Swingfolio Daily
ASX briefings — Wednesday 22 July 2026
Morning setup and afternoon close recap for Wednesday 22 July 2026. Observations only — no trade advice.
Wednesday 22 July 2026
ASX 200 set to open higher as Brent tops US$90 on Hormuz strikes
Brent settled at US$91.58 on 21 July 2026, up 2.65% and its first close above US$90 since 11 June, after US forces struck Iran for a 10th consecutive night and a tanker was hit in the Strait of Hormuz. The S&P 500 still rose 0.89% to 7,509.20 and the Nasdaq 1.29%, led by memory makers SNDK.US +14.27% and WDC.US +12.51%. Copper added 3.74% to US$6.535/lb while iron ore slipped to US$98.7/t, splitting the ASX miners. SPI futures point to a 0.25% higher open from 8,793.3.
ASX 200 +0.34% to 8,823 as copper lifts BHP and the gold miners run
The S&P/ASX 200 closed at 8,823.0 on 22 July 2026, up 29.7 points or 0.34%. Copper settled 2.97% higher overnight at US$6.56/lb, lifting BHP.AU +2.52%, RIO.AU +2.53% and S32.AU +4.60%, while 14 large-cap gold miners averaged +4.96%. Healthcare fell after a 100% US duty on imported generic drugs from August 2028, with COH.AU -4.92% and CSL.AU -2.83%. Paladin Energy PDN.AU rose 6.66% on a June-quarter uranium beat; Lynas LYC.AU fell 3.63% on an NdPr production miss.