Oil Remains Three-Month Low Amid Expectations of Iran Deal
📊 BP — Piyasa Yorumu
▼ down · 60%BP's price is expected to be negatively affected due to the expectation that oil prices will remain at a three-month low. A 24-hour decline of 4.5%, with the RSI around 30 and the MACD below the signal line, technically indicates selling pressure. Closing above the 20 and 50-day moving averages strengthens the short-term decline signal. With this news, investors may show a tendency to avoid risk, which could further pull the price down. However, market volatility and other macro factors may also be effective, making it difficult to predict a definite movement.
📊 CVX — Piyasa Yorumu
▼ down · 70%Chevron (CVX) shares fell 4.3% in the last 24 hours, pressured by declining oil prices. While the Relative Strength Index (RSI) at 33 approaches oversold territory, the MACD remains below its signal line and in negative territory. Headlines suggest that expectations of an Iran deal will continue to weigh on oil. Short-term technical indicators are weak, but the oversold zone offers some potential for a rebound. Therefore, the downtrend may persist, but its pace could slow.
📊 XOM — Piyasa Yorumu
▼ down · 70%Exxon Mobil (XOM) shares fell 4.4% in the last 24 hours, closing at $141.87. While the RSI at 37.3 approaches oversold territory, the MACD line remains below the signal line and in negative territory, confirming weak momentum. Trading below the 20-day SMA ($143.15) and 50-day SMA ($147.33) indicates a sustained short-term downtrend. Headlines suggest that falling oil prices may persist amid expectations of an Iran deal, a negative factor for energy company XOM. The bearish trend is expected to continue in the short term, though oversold conditions could trigger a technical rebound.
📊 OXY — Piyasa Yorumu
▼ down · 70%OXY shares have declined 5.4% over the past 24 hours amid falling oil prices. While the RSI has entered oversold territory at 29.8, the MACD remains below the signal line and in negative territory. Headlines suggest that expectations of an Iran deal will continue to pressure oil prices. In the short term, technical indicators remain weak, but oversold conditions may limit the pace of further declines.