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Figure Heloc 
FUNDAMENTAL
OVERVIEWOil prices have eased significantly
on Monday after Trump announced on his Truth Social account a five-day ceasefire aimed
at paving the way for “a complete and total resolution of the hostilities”.
However, the selloff lost momentum as Iran denied Trump’s claims. Nevertheless,
the hope for the end of the war remained given Trump’s push for negotiations.Late yesterday, we got
another spike lower after Israel’s Channel 12 reported that a month-long ceasefire could
be announced while the US and Iran negotiate 15 key points. Traders are now
waiting to see whether Iran will accept the plan. If it does, oil prices should
drop to pre-war levels. On the other hand, a rejection might take prices back near
triple digit levels.Tomorrow, there’s a potential US-Iran
meeting in Islamabad, so everyone’s going to be laser focused on that.CRUDE OIL
TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can
see that crude oil broke below the 93.00 support following Trump’s ceasefire
announcement and opened the door for a correction into the 78.00 level. There’s
not much else we can glean from this timeframe, so we need to zoom in to see
some more details. CRUDE OIL TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can
see that we’ve gone from one consolidation to another as the price is now
trading between the 93.00 resistance and the weekly low around the 84.00
handle. If we get another pullback into the resistance, we can expect the
sellers to step in with a defined risk above it to position for a drop into the
78.00 support next. The buyers, on the other hand, will look for a break higher
to pile in for a rally into new highs.
CRUDE OIL TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, there’s
not much else we can add here but a break below the 84.35 low could increase
the bearish momentum as more sellers will likely pile in to extend the
correction into the 78.00 support next. The red lines define the average daily range for today.UPCOMING CATALYSTSTomorrow we get the latest US Jobless Claims figures and a potential US-Iran
meeting in Islamabad. The focus is now on US-Iran negotiations.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Oil prices are reacting to geopolitical news, and here’s why that matters for traders right now: The announcement of a ceasefire by Trump initially sparked optimism, pushing oil prices lower. However, Iran’s swift denial indicates that the situation remains fluid and uncertain. Traders should be cautious; this volatility can create opportunities but also risks. If oil prices rebound, it could impact correlated assets like energy stocks and commodities. Keep an eye on the $90 level for oil, as a breach could signal a shift in sentiment. For SOL at $92.56, monitor how energy prices influence broader market trends, especially if oil volatility spills over into crypto markets, potentially affecting investor sentiment. The flip side is that if the ceasefire holds and tensions ease, we might see a more sustained drop in oil prices, which could lead to a bullish sentiment in risk assets, including cryptocurrencies. Watch for any further developments in the geopolitical landscape and how they might affect market dynamics in the coming days.
📮 Takeaway
Monitor the $90 level for oil; a breach could signal broader market shifts impacting SOL and related assets.
