Details of US-Iran Ceasefire Agreement
- Ceasefire Agreement Reached: On April 7, President Trump announced a two-week ceasefire with Iran, contingent upon Iran reopening the Strait of Hormuz, a critical waterway for approximately one-fifth of the world's daily oil supply.
- Strait Status: Despite the ceasefire, the Strait of Hormuz has not fully resumed normal operations, with only some bulk carriers passing through, while oil tankers have yet to return, indicating that supply disruptions in global energy markets persist.
- Market Reaction: In spite of the uncertain ground situation, Wall Street remained optimistic, with the Nasdaq Composite and Dow Jones Industrial Average each gaining 0.73%, and the S&P 500 climbing 0.63%, reflecting investor confidence in the ceasefire's potential durability.
- Oil Price Fluctuations: West Texas Intermediate futures rose 2.2% to above $96.49 per barrel, while Brent crude climbed to $94.81 per barrel, highlighting market concerns over energy supply tensions even as equity markets show resilience.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.448 | 2.613 | 2.759 | 2.924 | 3.07 | 3.235 | 3.381 |
| Fibonacci | 2.613 | 2.731 | 2.805 | 2.924 | 3.042 | 3.116 | 3.235 |
About TRUMP
About the author
