Oil Prices Continue to Fall as the US and Iran Halt Attacks | Investing.com

Oil prices extended their decline on Tuesday as the temporary pause in hostilities between the United States and Iran eased immediate concerns about disruptions to global energy supplies. fell 2.1% to $86.53 per barrel, while U.S. (WTI) crude dropped 1.7% to $82.19 per barrel.

U.S. stock futures were mixed in early Tuesday trading as investors prepared for a busy week of major corporate earnings and the Federal Reserve’s interest rate decision. slipped 0.1%, fell 0.5%, while edged slightly higher.

On Monday, Wall Street finished the trading day mixed, with the and supported by lower oil prices after the pause in U.S.-Iran hostilities, while the declined as semiconductor stocks came under pressure.

Asian markets traded lower, led by a sharp selloff in South Korea’s Kospi and declines in Japan’s , although Australia’s posted modest gains.

Investors are focused on earnings from major technology companies including , , , and , with markets watching whether continued AI-related capital spending will support the semiconductor sector.

Attention is also on Wednesday’s Federal Reserve meeting, where rates are widely expected to remain unchanged, though investors will look for guidance on the timing of future policy moves. Markets are currently pricing in a potential 25-basis-point in September.

Technical Analysis

Gold Technical Analysis

remains under pressure after failing to sustain gains above $4,090, retreating toward the $4,045 support area. Price is trading below the 20-hour moving average, while the 5 and 10-hour moving averages have crossed lower, reflecting weakening bullish momentum and increasing downside pressure.

Immediate resistance is located at $4,066, followed by $4,092. Initial support is found at $4,035, with stronger support around $4,022. Holding below $4,066 keeps the short-term outlook negative, while a break below $4,035 could accelerate losses toward $4,022.

Source: STARTRADER app | Gold remains under pressure as the USD advances higher

Nasdaq-100 Technical Analysis

The Nasdaq remains under strong bearish pressure after breaking below the 28,000 support zone and extending its decline toward 27,712. Price is trading below the 5, 10, and 20-hour moving averages, which are all sloping downward, confirming sustained bearish momentum. Despite a brief intraday rebound, sellers continue to dominate.

Immediate resistance is located at 28,020, followed by 28,465. Initial support is seen at 27,712, with stronger support around 27,575. A break below 27,712 would confirm further downside toward 27,575, while a recovery above 28,020 would be needed to ease the current bearish pressure. Bias: Bearish.

Source: STARTRADER app | Stocks fall as selling in chip stocks continue ahead of company earnings

Brent Technical Analysis

Brent crude remains in a well-defined downtrend after reversing sharply from the $97.80 peak. Price continues to trade below the 5, 10, and 20-hour moving averages, with the moving averages maintaining a bearish alignment, indicating that selling momentum remains firmly in control.

Immediate resistance is located at $86.70, followed by $88.25. Initial support is seen at $85.80, with stronger support around $84.70. A break below $85.80 would reinforce the bearish trend and expose lower levels, while a move above $86.70 would be the first indication of a short-term recovery.

Source: STARTRADER app | Crude brent falls below $90 a barrel despite supply fears

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