Pezeshkian: Iran-US Agreement to Be Signed on Friday
📊 BRENT — Piyasa Yorumu
▲ up · 60%The news announces that an agreement between Iran and the US is set to be signed. While this implies a reduction in geopolitical risks and easing supply concerns, the market may have overreacted with a sharp decline in the short term. The RSI at 28 indicates oversold territory, suggesting potential for a technical rebound. However, pricing below the SMA20 and SMA50 suggests that upside movement may remain limited. Therefore, an upward correction is possible, but confidence level is moderate.
📊 WTI — Piyasa Yorumu
▼ down · 70%The news suggests that an Iran-US agreement is about to be signed, strengthening expectations of increased supply. Although WTI's RSI has dropped to 29, entering oversold territory, the MACD remains in negative territory and pricing continues below the SMA20 and SMA50. Selling pressure is likely to persist in the short term, but the pace of decline may be limited due to oversold conditions. Therefore, while the direction is downward, the confidence level is considered medium-high.