-
- Trading Platforms
- PU Prime App
- PU Copy Trading
- PU Social
-
- Trading Conditions
- Account Types
- Spreads, Costs & Swaps
- Deposits & Withdrawals
- Fee & Charges
- Trading Hours
EN
Published: 8 April 2026,05:31
Daily Market Analysis New
*Oil drops more than 15% as ceasefire agreement eases supply fears
*U.S. and Iran accept two-week truce mediated by Pakistan
*Strait of Hormuz reopening reduces geopolitical risk premium
*Markets shift from supply shock fears to short-term normalization
Market Summary:
Global risk sentiment improved markedly as crude oil prices plunged by more than 15%, following a breakthrough in ceasefire negotiations between the United States and Iran.
During early Asian trading hours, both countries agreed to a two-week ceasefire proposal facilitated by Pakistan, signaling a temporary de-escalation in tensions that had previously threatened global energy supply. The agreement includes conditions tied to the reopening of the Strait of Hormuz, a critical route that accounts for roughly 20% of global oil shipments.
Donald Trump confirmed that the United States would suspend planned military actions for the duration of the truce, citing constructive discussions and meaningful progress toward a broader agreement. He also indicated that both sides are working toward finalizing a longer-term resolution, with key areas of disagreement reportedly narrowing.
The sharp decline in oil prices reflects a rapid unwinding of the geopolitical risk premium that had previously driven prices higher amid fears of supply disruption. With the prospect of restored energy flows, market participants have shifted from pricing in worst-case scenarios toward expectations of short-term stabilization.
However, despite the initial optimism, uncertainty remains. The ceasefire is temporary, and the durability of any long-term agreement is still unclear. As a result, oil markets are likely to remain volatile, with traders continuing to monitor developments closely for confirmation of sustained de-escalation.
Technical Analysis
CL-Oil, H4
Crude oil prices are trading lower after a sharp retracement from recent highs, but have rebounded from the 92.65 support level, indicating emerging bargain buying.
Momentum remains bearish, with the MACD still trending lower, while the RSI at 22 signals deeply oversold conditions, suggesting an increased likelihood of a short-term technical rebound.
If 92.65 holds, prices may recover toward the 99.65 resistance level.
However, a confirmed break below 92.65 could accelerate losses toward 86.80, indicating continuation of the broader correction.
Resistance Levels: 99.65, 107.60
Support Levels: 92.65, 86.80
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!