SET50 futures slip on bond-yield highs and surging oil

InfoQuest·24 Sep 2026·

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Macro Digital Finance Commodity BRENT ▲US-10Y.GB ▲GOLD ▼

Summary · why it matters

SET50 Index Futures fell today, tracking overseas equity markets. Warut Rungkham, director of the analysis department at YLG Bullion Futures, said the main pressure came from the yield on 10-year US government bonds, which climbed above 5% to its highest level in nearly 20 years. Meanwhile, Brent crude rebounded above 100 dollars per barrel amid escalating tensions in the Middle East, fueling concern that inflation could accelerate and that the US Federal Reserve may lean toward raising interest rates in line with higher oil prices. Investors are also growing more cautious over domestic political factors, with the Constitutional Court set to read its ruling next week in the case involving the ballot barcode. The market is also worried that US-China trade talks may fail to make progress. The SET50 index closed at 1,077.36 points, down 5.25 points, or 0.48%. Tomorrow the index is expected to weaken further. The recommendation is to open short positions if the index fails to break resistance at 1,081 to 1,085 points, and to wait for pullbacks to take profits gradually around support at 1,069 points and 1,063 points. It is also advised to switch to the S50Z26 contract instead of S50U26, which expires next Tuesday. Gold prices are likely to consolidate under the same pressures weighing on risk assets, with the decline expected to stay limited. If prices weaken toward support at 4,200 to 4,234 US dollars per ounce, that would be a chance to accumulate gradually or buy for short-term trades. At resistance of 4,300 to 4,344 US dollars per ounce, if prices fail to break through, investors may sell gradually to reduce risk. Gold trading volume may slow because the Chinese market will be closed tomorrow for the Mid-Autumn Festival.

Brent Crude Oil Futures ▲United States Government Bond 10Y ▲Gold Futures ▼