Ubicación & Lenguaje

Zenfinex Global Limited está regulada por la Autoridad de Servicios Financieros (FSA) de Seychelles (SD092)

Oil Prices Slip As Israel-Hamas Ceasefire Talks Progress

Oil prices declined on Monday, pausing a multi-session rally fueled by the Israel-Gaza conflict. The easing geopolitical tensions stemmed from Israel’s troop reduction in southern Gaza and the initiation of renewed ceasefire negotiations with Hamas.


Brent crude futures dropped 0.9% to $90.84 a barrel, while U.S. West Texas Intermediate crude fell 0.6% to $86.75. Despite a Hamas official stating that talks continue to be stalled, Israeli Prime Minister Benjamin Netanyahu’s announcement of a planned invasion of Rafah added a note of uncertainty to the evolving situation.


Analysts attribute the oil price drop to the reduced geopolitical risk premium associated with Israel’s withdrawal and expectations of rising U.S. crude stockpiles. Further uncertainty lingers surrounding Iran’s expected retaliation for the bombing of its Syrian consulate, placing a potential floor on price declines.


The $90 support is currently the most significant level for the price to beat. Even though we have had two consecutive closing prices above this level, oil resists reaching higher highs. The RSI oscillator shows an overbought market that weighs on oil prices, causing Brent to edge lower and pushing it below the $90 level in the upcoming days if the expectation of reduced geopolitical risk persists.


The overall trend since the beginning of the year has been bullish, and there are no signs yet for oil to break away from this since the trendline is at the $86.68 support. On the other hand, if the price were to break the $90 level confidently, the next significant monthly resistance would be at $96.60.



Publicaciones Destacadas

Economic Weakness in Japan: Will Authorities Intervene to Support the Yen?

Positive UK Economic Indicators Drive GBP/USD Upward

April’s Trading Triumph: A Chronicle of Persistence and Tenacity

Nasdaq 100 Hits Record High: Analysis of Key Drivers and Market Trends

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Te presentamos algunos artículos relacionados que podrían ser de tu interés:


Economic Weakness in Japan: Will Authorities Intervene to Support the...

By Samir Al Khoury, Japan's year-on-year headline CPI came in at 2.5% today, lower than the previous reading of 2.7%. The core consumer price index,...


Positive UK Economic Indicators Drive GBP/USD Upward

By Samir Al Khoury, The GBP/USD price continues its upward trend for the fifth day in a row, recording 1.2761 yesterday, its highest level since...

Company news

April’s Trading Triumph: A Chronicle of Persistence and Tenacity

As April unfolded, traders of different sides around the globe embarked on a journey of skill, strategy, and sheer determination in the Taurex Demo Trading...


Nasdaq 100 Hits Record High: Analysis of Key Drivers and...

By Samir Al Khoury, The Nasdaq 100 index reached 18,721 points yesterday, marking its highest level ever. This index has risen by 12% since the...

¿Estás Listo Para Elevar tu Experiencia de Trading?

Abre una cuenta Taurex y comienza a operar hoy.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.