Although the United States and Iran are considering holding a new round of talks in an effort to consolidate a longer-term ceasefire agreement, US President Donald Trump has still imposed a US Navy blockade on the Strait of Hormuz. This move aims to increase pressure on Tehran.
After the deadline set by Trump passed, the United States imposed a maritime blockade on Monday, cutting off the passage of ships in Iranian ports and coastal areas. This move may further intensify tensions during the global energy crisis.
But even amid the recent escalation, according to people familiar with the matter, the United States and Iran are still discussing holding a new round of face-to-face talks. The previous talks between the two sides in Islamabad over the weekend ended in failure. People familiar with the matter said the goal is to hold new talks before the two-week ceasefire agreement announced on April 7 expires next week.
Trump told reporters at the White House earlier on Monday that Iran had reached out to his administration, suggesting further talks.
Trump said, “This morning, we received a call from relevant individuals who hope to reach an agreement.” But he did not elaborate on who was involved in the call.
The US president once again claimed that the reason for the failure of the negotiations was Iran’s insistence on retaining its nuclear program. Trump said he was “certain” that Iran would eventually agree to abandon its nuclear program and reiterated that no deal would be reached without this concession.
Vice President Vance, who led the US delegation in the first round of talks, sent out a more positive signal on Monday. In an interview with Fox News, he said, “We have indeed made some progress in the negotiations.” He also added that the talks helped clarify the bottom lines of both sides, even including the way Iran would participate.
Oil prices fell as there were signs that Washington and Tehran might resume ceasefire talks. On Monday, West Texas Intermediate crude oil prices dropped to around $96 per barrel, while Brent crude oil prices closed at around $99 per barrel.
Technical analysis:
The functions of WeChat are subject to occasional restrictions. If you want to try the plugin, please leave your contact information when adding a friend so that we can add you back easily!!!
Gold: The price has reached the 4750 level, but it has not yet tested 4780. Therefore, the blue zone pullback buy we mentioned yesterday has not met the conditions. Today, we will continue to monitor the test of 4780 and whether there will be a rebound after sweeping the liquidity near 4750. For detailed positions, please consult the plugin.
(Gold 15-minute chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg and leave your contact information for us to get back to you.
Nasdaq: The overnight price retracement did not reach our green buy limit area. The stochastic indicator also launched a strong rebound, completing the gap fill and surpassing it. The overall trend is consistent with our prediction. Pay attention to the pullback confirmation signal near 25,300 during the day. You can attempt 1-2 buying opportunities. For detailed positions, please consult the plugin.
(NASDAQ 15-minute chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg and leave your contact information in the message for us to reply.
Crude oil: Yesterday, our plugin and article clearly reminded to pay attention to the rebound and pullback selling after the price broke down. The price movement fully conformed to our prediction. Given that the current price has dropped back to the vicinity of above 95, it is suggested to maintain the short position after the rebound within the day. For detailed positions, please consult the plugin.
(Crude Oil 15-Minute Chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the picture, please contact V: Hana-fgfg and leave your contact information in the note for us to get back to you.
Today’s key financial data and events to focus on:
20:30 U.S. Producer Price Index for March (Year-on-Year)
