US Stocks Recover on Iran Deal News, Oil Trims Gains
📊 SPX — Piyasa Yorumu
▲ up · 65%The SPX closed at 7556, up 1.1% following news of the Iran deal. Although the RSI is just above 70, it has only recently entered overbought territory, and the MACD remains positively above its signal line. The price is trading above the 20- and 50-day moving averages, and the short-term uptrend appears solid. However, with the RSI above 70, the risk of a short-term correction has increased, keeping the bullish outlook cautious. A pullback in oil prices could ease inflation concerns and provide support for equities.
📊 NDX — Piyasa Yorumu
▲ up · 60%Although the NDX's RSI at 70.8 is approaching overbought territory, the MACD remaining above its signal line and the price trading above both the 20- and 50-day moving averages support short-term bullish momentum. News regarding the Iran deal could reduce geopolitical risks, boosting risk appetite and positively impacting the tech-heavy index. However, the overbought signal and the 2.4% gain over the past 24 hours introduce some risk of profit-taking or consolidation in the near term. Therefore, a moderately confident bullish move is expected.
📊 BRENT — Piyasa Yorumu
▼ down · 60%The news headline indicates that optimism regarding the Iran deal is putting pressure on oil prices. Technical indicators also support this view: the RSI is near the sell zone at 41.9, the MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. The short-term downtrend is likely to continue, but since the market has not entered oversold territory, a sharp decline is not expected.
📊 WTI — Piyasa Yorumu
▼ down · 60%The news headline indicates that optimism regarding the Iran deal is putting pressure on oil prices. Technical indicators also point to weakness: the RSI is at 44, below the neutral zone; the MACD is below the signal line and negative; and the price is below both the 20-day and 50-day moving averages. The 0.44% decline over the last 24 hours confirms continued selling pressure. A short-term bearish trend is likely to persist, but since we are not in oversold territory, the pace of the decline may remain limited.