Published: 17 March 2026,06:18
Daily Market Analysis New
*Market Recovery: The S&P 500 notched its best day since February, led by a relief rally in tech as easing oil prices tempered immediate inflation fears.
*Nvidia’s $1 Trillion Vision: Shares of Nvidia (NVDA) rose 1.7% after CEO Jensen Huang projected a $1 trillion revenue opportunity from AI chips through 2027, underscoring the resilience of the AI boom.
*Hormuz “Thaw”: Crude oil prices retreated toward $93.50 (WTI) following reports that a trickle of tankers successfully navigated the Strait of Hormuz, raising hopes for a partial reopening of the waterway.
Market Summary:
U.S. equity markets, including the Nasdaq, Dow Jones, and S&P 500, regained bullish momentum on Tuesday as a retracement in crude oil prices provided much-needed breathing room for investors. Sentiment on Wall Street was significantly lifted by signs of a “thaw” in the Persian Gulf, with market participants now expecting a gradual increase in tanker traffic through the Strait of Hormuz. This cooling of the energy shock allowed U.S. Treasury yields to stabilize after a volatile week-long surge, easing the valuation pressure on growth-oriented sectors.
The S&P 500 recorded its strongest performance in weeks, spearheaded by a resurgence in technology shares. Nvidia Corp. was a primary catalyst, climbing 1.7% after CEO Jensen Huang outlined an ambitious forecast to generate at least $1 trillion in revenue from artificial intelligence chips through 2027. This projection reinforced the narrative that the “AI infrastructure era” remains decoupled from broader macroeconomic volatility, providing a reliable growth anchor for the Nasdaq and S&P 500 despite the ongoing geopolitical tensions.
The energy sector, which had previously been the sole gainer, saw prices ease back as President Trump reiterated his commitment to securing maritime trade routes. The potential for further emergency oil releases from the IEA’s 1.2-billion-barrel inventory has helped minimize fears of a total supply collapse. While the International Energy Agency remains on high alert, the “trickle” of tankers successfully traversing the Strait has lowered the immediate war premium, allowing WTI crude to settle near $93.50.
Looking ahead, the focus of global markets is shifting toward a series of high-stakes central bank meetings scheduled for later this week. Policymakers from the Federal Reserve, European Central Bank, and Bank of Japan are expected to discuss the delicate balance of managing war-driven inflation without stifling economic growth. Traders remain cautious, monitoring these policy signals for clues on whether the recent stabilization in yields is a permanent shift or merely a brief pause in a longer-term hawkish cycle.
Technical Analysis
The Nasdaq is currently testing a critical structural floor at 24,360.00. While the immediate trend has been lower, technical indicators on the H4 chart are flashing early signals of a potential “relief rally.” The MACD is illustrating diminishing bearish momentum, and the RSI at 46 has successfully formed a golden cross as it rebounds from oversold territory.
If the current bearish pressure fails to force a breakout, a technical correction toward the 25,265.00 resistance level is likely. However, a decisive 4-hour close below 24,360.00 would invalidate the recovery thesis and expose the next support at 23,560.00.
Resistance Levels: 25265.00, 26090.00
Support Levels: 24360.00, 23560.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
