Published: 27 March 2026,07:17
Daily Market Analysis New
Key Takeaways:
*Oil prices drop sharply as U.S. delays planned strikes on Iran
*Diplomatic signals ease immediate supply disruption concerns
*Iran rejects U.S. 15-point plan, keeping uncertainty elevated
Crude oil prices fell sharply after U.S. President Donald Trump extended the deadline for potential military strikes on Iran’s energy infrastructure by 10 days, citing “very good” progress in ongoing discussions between the two countries.
Trump’s decision to refrain from targeting Iranian energy facilities provided temporary relief to global energy markets, easing immediate concerns over supply disruptions. The move marked the second extension following earlier threats of escalation, signaling a shift toward diplomatic engagement.
The easing of tensions has led to a pullback in oil prices, as markets reassess the likelihood of a near-term supply shock. However, sentiment remains cautious amid mixed signals surrounding the negotiations.
While the United States has proposed a 15-point framework aimed at ending the conflict, Iran has rejected the plan, describing it as unacceptable and putting forward its own conditions. The lack of alignment between both sides continues to cloud the outlook for a definitive ceasefire agreement.
Overall, although diplomatic developments have helped reduce the geopolitical risk premium embedded in oil prices, uncertainty remains elevated. Markets are likely to stay sensitive to further headlines, with price action driven by evolving negotiations between the U.S. and Iran.
Technical Analysis
CL-Oil, H4
Crude oil prices are trading lower after rejecting the 95.05 resistance level, indicating a shift toward short-term downside pressure.
Momentum indicators are turning bearish, with the MACD expanding to the downside, while the RSI at 56 is rolling over and forming a bearish crossover, suggesting weakening bullish momentum.
A continuation of selling pressure could drive prices toward the 87.80 support level, with further downside toward 82.55 if the level is breached.
However, if bearish momentum fades, oil may stage a rebound toward 95.05 resistance.
Resistance Levels: 95.05, 100.80
Support Levels: 87.80, 82.55
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