Iran-US Technical Talks Successfully Concluded, Moving to Next Phase
📊 BRENT — Piyasa Yorumu
▼ down · 70%The successful conclusion of Iran-US talks could reduce geopolitical risk premium, creating downward pressure on oil prices. Brent crude last closed at $76.62, down 3.7% in the past 24 hours. While the RSI at 36.9 approaches oversold territory, the MACD remains below the signal line and in negative territory. Short-term moving averages (SMA20 and SMA50) are also above the price, indicating a weak technical outlook. Therefore, the downtrend is likely to continue in the near term.
📊 WTI — Piyasa Yorumu
▼ down · 70%The news indicates that technical negotiations between Iran and the US have been successfully completed, moving to a new phase. This implies a reduction in geopolitical risks and an increased likelihood of Iranian oil returning to the market. Technical indicators already show a weak outlook: RSI at 37 is near oversold territory, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. The 3.9% decline in the last 24 hours suggests continued selling pressure. In the short term, oil prices are likely to maintain a downward trend amid expectations of increased supply.