24/7 SUPPORT
Download App
Published: 9 June 2026,06:27
Daily Market Analysis New
*Global risk sentiment improves as Iran and Israel signal willingness to reduce military operations
*Immediate fears of broader regional escalation ease after Netanyahu signals pause in strikes
*Crude oil prices retreat as geopolitical risk premium unwinds
*Markets remain focused on whether Strait of Hormuz shipping flows can normalize
Global market sentiment improved after both Iran and Israel signaled a willingness to scale back military operations following a recent flare-up that had threatened to derail ongoing peace negotiations. The shift in tone helped ease immediate concerns over a broader regional conflict and supported a more constructive risk environment across global markets.
Israeli Prime Minister Benjamin Netanyahu stated that Israel would halt strikes against Iran for now, while reserving the right to respond if Tehran launches further attacks. The latest remarks reduced near-term geopolitical fears, as investors interpreted the move as a sign that both sides may be attempting to prevent further escalation.
Crude oil prices retreated as easing tensions reduced immediate concerns over supply disruptions in the Middle East. The pullback reflected a partial unwinding of the geopolitical risk premium that had supported oil prices in recent weeks, especially as markets reassessed the likelihood of further disruptions to energy flows.
Attention is now shifting toward whether the de-escalation can translate into a more durable peace arrangement, particularly regarding the reopening and normalization of shipping activity through the Strait of Hormuz. While some commercial vessels have reportedly begun returning to the route, activity remains below normal levels as security concerns continue to weigh on shipping confidence.
Overall, the decline in oil prices reflects improving sentiment around regional stability, although uncertainty remains elevated. Market participants will continue to monitor developments between Iran and Israel, as well as shipping conditions in the Strait of Hormuz, for clearer signals on the future direction of crude oil prices.
Technical Analysis
CL-Oil, H4:
Crude oil prices are trading lower, currently testing the 90.40 support level, which serves as a key near-term floor.
Momentum remains bearish, with the MACD strengthening to the downside and the RSI at 38 below the midline, indicating continued selling pressure and downside risk.
A confirmed breakdown below 90.40 could extend losses toward the next support at 86.50, reinforcing the bearish outlook in the near term.
However, if selling pressure begins to fade, a technical rebound may occur, with prices likely to retest the 94.20 resistance level, followed by higher levels if recovery momentum strengthens.
Resistance Levels: 94.20, 97.90
Support Levels: 90.40, 86.50
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!
