Memorandum of Understanding Signed Between the US and Iran
📊 BRENT — Piyasa Yorumu
▼ down · 70%The memorandum of understanding signed between the US and Iran could reduce geopolitical risk premium and alleviate concerns over oil supply. Brent crude oil price fell 4.8% in the last 24 hours to $82.71, with the RSI approaching oversold territory at 30.8. The MACD line remains below the signal line and is deepening in negative territory. Trading below the short-term SMA20 ($83.71) and SMA50 ($86.96) averages suggests the downtrend may continue. However, the RSI nearing oversold levels also raises the possibility of a short-term corrective bounce.
📊 WTI — Piyasa Yorumu
▼ down · 70%The news indicates that a memorandum of understanding has been signed between the US and Iran. This development could exert downward pressure on oil prices due to reduced geopolitical risks and expectations of increased Iranian oil supply. Technical indicators also support this view: although the RSI at 32 is near oversold territory, the MACD is negative, and the price is below both the 20-day and 50-day moving averages. The 4.95% decline in the last 24 hours suggests continued selling pressure. The downtrend is likely to persist in the short term.