Iran Halts Negotiations with the US
📊 BRENT — Piyasa Yorumu
▲ up · 70%The news could push oil prices higher by increasing concerns over supply disruptions. Technical indicators also point to a strong uptrend: although the RSI is approaching overbought territory at 71, momentum continues. The MACD line is above the signal line and in positive territory, supporting the bullish trend. The price is trading above both the 20-day and 50-day moving averages. However, the RSI entering overbought territory also brings the risk of a short-term correction.
📊 WTI — Piyasa Yorumu
▲ up · 60%The news could push oil prices higher by increasing supply concerns. Although technical indicators point to overbought territory (RSI 73), strong bullish momentum and the MACD being above its signal line support a short-term uptrend. The price trading above the 20- and 50-day moving averages also confirms the strength of the trend. However, given overbought conditions and the possibility that geopolitical news may already be priced in, there is a risk that the upside may be limited.