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Can the bulls break 10825 | 10880 above | 10775 10730 10708 support

Technical analysis for 18th September 2026

Yesterday produced the relief scenario we were looking for: oil fell, bond yields eased and equities rebounded. The FTSE was particularly strong after the Bank of England paused active gilt sales, while Wall Street bounced as technology stocks recovered.

This morning that improvement is continuing. Brent has dropped to around $103–104, the US 10-year is back near 4.94%, and Gold has climbed to around $4,361. The Bank of Japan has also raised rates to 1.25%, but its relatively cautious message has actually weakened the yen.

That combination makes me more constructive on equities today than at any point this week.

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