US-Iran Agreement and SpaceX Valuation: May 29, 2026 Markets
📊 BRENT — Piyasa Yorumu
▼ down · 70%Brent crude oil declined more than 4% in the last session to $90.91. Although the RSI at 36 is approaching oversold territory, the MACD remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages weakens the short-term outlook. News regarding a potential US-Iran deal could exert downward pressure on oil prices amid expectations of increased supply. Weak technical indicators and negative news flow suggest the downtrend may continue.
📊 WTI — Piyasa Yorumu
▼ down · 70%WTI crude oil fell 4.2% over the past 24 hours to $87.20, with technical indicators pointing to weakness. The RSI is approaching oversold territory at 37.6, while the MACD remains negative below the signal line. The price is trading below both the 20-day and 50-day moving averages, confirming a short-term downtrend. Headlines regarding a US-Iran deal could add further pressure on oil prices amid expectations of increased supply. However, the RSI nearing oversold levels may limit the pace of the decline and keep the possibility of a short-term recovery alive.
📊 XOM — Piyasa Yorumu
▲ up · 60%XOM shares fell 4.9% in the last 24 hours to $147, with the RSI entering oversold territory at 27.7. Although the MACD remains below the signal line, the narrowing gap suggests selling pressure may ease. The US-Iran deal headline reduces uncertainty over oil supply, potentially benefiting the energy sector in the short term. Given the oversold technical signals, a corrective upward move driven by bargain buying is likely within 1-3 days. However, as the stock remains above the SMA20 and SMA50, indicating the trend has not fully reversed, cautious optimism should be maintained.
📊 CVX — Piyasa Yorumu
▼ down · 70%Chevron (CVX) shares fell 4.1% in the last 24 hours, closing at $183.13. While the RSI at 37.8 approaches oversold territory, the MACD line remains below the signal line and in negative territory. The stock is trading just above its 20-day simple moving average (SMA) of $183.71, but the 50-day SMA at $189.18 is significantly higher. Expectations that a US-Iran deal could increase oil supply may pressure energy sector stocks. Technical indicators are likely to remain weak in the near term.