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Rise dip rise with 10530 resistance | 10575 above | 10410 10369 support

Technical analysis for 14th July 2026

We head into Tuesday with the geopolitical situation once again firmly in control of the markets. Oil has pushed to a one-month high as the fighting between the US and Iran intensifies around the Strait of Hormuz. The latest threat of a 20% charge on cargo moving through the Strait has added another layer of uncertainty to an already fragile situation. Brent crude is now trading around the $85 area and that is bringing the inflation problem straight back into focus.

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