View more search results

Regístrese

Market Insights > Daily Market Analysis

20 May 2025,06:50

Daily Market Analysis

Oil edges higher as Iran nuclear talks stall

20 May 2025, 06:50

Share on:

Key Takeaways:

*Iran nuclear talks hit a roadblock – Iran rejected U.S. demands to halt uranium enrichment, reducing the likelihood of a near-term deal that would ease sanctions and boost Iranian oil exports.

*Supply concerns support prices – The stalled negotiations help keep 300,000–400,000 barrels/day of Iranian crude off the market, tightening global supply expectations.

Fundamental Analysis

Oil prices closed slightly higher on Monday, as a potential breakdown in U.S.-Iran nuclear negotiations fueled expectations of tighter global supply. Iranian Deputy Foreign Minister Majid Takht-Ravanchi said talks would stall if Washington continued to insist on halting Tehran’s uranium enrichment—comments that effectively dashed hopes of a near-term deal.

Analysts noted that the absence of an agreement means sanctions on Iranian oil exports will likely remain in place, preventing an estimated 300,000 to 400,000 barrels per day from re-entering the market, according to StoneX’s Alex Hodes.

However, broader gains were capped by persistent macroeconomic concerns. Moody’s recent downgrade of the U.S. credit outlook raised investor caution, while weak Chinese industrial output and retail sales data added to the bearish sentiment, underscoring demand-side fragility in the world’s top oil importer.

Technical Analysis – Crude Oil

Crude Oil, H4

Crude oil remains supported and is currently testing resistance at $62.20. Momentum indicators point to bullish continuation: MACD shows rising positive momentum, while RSI at 56 signals a modest upside bias.

A confirmed breakout above $62.20 may lead to an extension toward the next resistance at $63.90. However, failure to break higher could prompt a pullback to key support levels at $60.00 and $57.55.

Resistance levels: 62.20, 63.90
Support levels: 60.00, 57.55

Comience a operar con una ventaja

Opere en forex, índices, Rieles y mucho más con los diferenciales más bajos de la industria y ejecución ultrarrápida.

Empiece a operar con depósitos desde tan solo 50 $ en nuestras cuentas estándar.
Obtenga acceso a atención al cliente 24/7.
Acceda a cientos de instrumentos, herramientas educativas gratis y algunas de las mejores promociones del sector.

Únase ahora

Latest Posts

Gold Slips as Ceasefire Hopes Curb Safe-Haven Demand

Aussie Holds Firm Ahead of RBA Decision, Supported by Strong Jobs Data and China Stimulus Hopes

Abre una cuenta de manera rápida y sencilla

Crear una cuenta en vivo

1

Registro

Regístrate para abrir una Cuenta real de PU Prime sin complicaciones.
2

Deposita

Financia tu cuenta sin esfuerzo con una amplia gama de canales y monedas aceptadas.
3

Empieza a operar

Acceda a cientos de instrumentos en condiciones de trading líderes en el mercado.

Crear una cuenta real

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of certain jurisdictions, including, but not limited to, Singapore, the United States, China, and jurisdictions listed on the FATF “blacklist”, and the major global sanctions lists. It is also not intended for distribution or use in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple licensed entities operating across different jurisdictions, each authorised to provide specific financial services in accordance with local regulations. Upon registration, you will be assigned to the entity that corresponds with your location and complies with the applicable regulatory requirements. The entity you are registered with will govern your trading activities, which will be subject to the oversight and regulations of its respective regulatory authority. While these authorities have granted a securities or investment dealer license to the respective entity, they do not endorse the products offered.

PU Prime Limited is securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime (Pty) Ltd is a financial service provider authorised and regulated by the Financial Sector Conduct Authority of South Africa under FSP No. 52218, with registered address at 37 Harley Street, Ferndale, Randburg, Gauteng 2194, South Africa.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

Finzero Cap Ltd. is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus.

We and third parties use cookies to enhance your user experience. For more information, see our Cookie Policy and Privacy Policy. By clicking "Accept", you agree to the use of cookies.