Iran Announces Halt of Military Operations Against Israel
📊 BRENT — Piyasa Yorumu
■ neutral · 60%Although the news points to a reduction in geopolitical risks, Brent prices are already in a downtrend and technical indicators are weak. The RSI at 38 is near oversold territory, which could increase the likelihood of a short-term recovery. However, the MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages, suggesting that bearish momentum may persist. Therefore, due to directional uncertainty, a neutral view is more appropriate.
📊 WTI — Piyasa Yorumu
▼ down · 65%Iran's decision to halt its military operation could reduce the geopolitical risk premium, exerting downward pressure on oil prices. Technically, WTI is trading at $91.59, and while the RSI at 38 approaches oversold territory, momentum remains weak. Although the MACD line is above the signal line, the price is trading below both the 20-day and 50-day moving averages. In the short term, the downtrend may continue as supply concerns ease, but the low RSI level could also trigger potential bargain buying.