US-Iran Deal: Strait of Hormuz Opens, Oil Supply Eases
📊 BRENT — Piyasa Yorumu
▼ down · 75%The news signals a relaxation in oil supply with the reopening of the Strait of Hormuz, which could exert downward pressure on Brent prices. Technical indicators support this view: despite the RSI being in oversold territory at 26.8, the MACD continues to generate a sell signal, and the price is trading below both the 20-day (86.83) and 50-day (89.90) moving averages. The sharp 6.7% decline in the last 24 hours indicates the market's rapid reaction to the news. In the short term, the downtrend is likely to continue, although some technical correction may occur due to oversold conditions.
📊 WTI — Piyasa Yorumu
▼ down · 80%The news signals a relief in oil supply with the reopening of the Strait of Hormuz. This could create downward pressure on prices due to expectations of a supply surplus. Technical indicators support this view: despite the RSI being in oversold territory at 27, the MACD is negative and below its signal line, confirming a short-term bearish trend. The price is trading below the 20- and 50-day moving averages, with a sharp 7% decline in the last 24 hours. The likelihood of continued decline in the short term is high.
📊 XOM — Piyasa Yorumu
▼ down · 70%The news points to an increase in oil supply, which could put pressure on energy stocks such as Exxon Mobil. Technical indicators already show a weak outlook; although the RSI is near oversold territory at 38, momentum remains negative. The MACD line is below the signal line and continues its downward trajectory, supporting a bearish trend in the short term. The price is trading below both the 20-day and 50-day moving averages, indicating that technical weakness may persist. However, the low RSI level suggests that the possibility of a short-term corrective rally should not be entirely ruled out.
📊 CVX — Piyasa Yorumu
▼ down · 65%The news points to an increase in oil supply, which could put pressure on energy stocks such as Chevron. Technical indicators also confirm weakness: the RSI is at 45, below the neutral zone; the MACD is below its signal line; and the price is trading below both the 20-day and 50-day moving averages. Selling pressure is likely to continue in the short term, although the pace of the decline may be limited.