Market Analysis by covering: Nasdaq 100. Read 's Market Analysis on Investing.com
Oil prices tick down, set for weekly losses on Middle East de-escalation hopesis threatening to close at 6-month lows as Trump’s recent comments paradoxically signal that the global economy may need to deteriorate further to exert substantial enough pressure to force a ceasefire.
The early week positivity has faded and traders are once again growing nervous heading into the weekend Trump’s recent comments paradoxically signal that the global economy may need to deteriorate further to exert substantial enough pressure force a ceasefire. The Nasdaq 100 is near 6-month lows, breaking support at the 24,000 ahead of Trump’s “deadline” this weekend. In what’s become a pattern since the Iran conflict started nearly four weeks ago, the positivity of Monday and Tuesday has faded and traders are once again growing wary heading into the weekend.ahead of his self-imposed grace period deadline for a deal tomorrow. In an ensuing cabinet meeting, Trump noted that he thoughtin the midst of the conflict, paradoxically signaling that the global economy may need to deteriorate further to exert substantial enough pressure force a ceasefire. For its part, Iran has officially rejected the US’s proposed 15-point peace agreement, issuing a 5-point counteroffer of its own that is unlikely to be accepted. Separately, media outlets are reporting that Iran is preparing to deploy over 1 million troops if the US launches a ground invasion into Iran. All eyes now turn to Friday’s “deadline,” which may of course be extended again, as a major crossroads in the conflict.Technically speaking, the Nasdaq 100 is on track for its lowest close in six months, barring a late rally, breaking key support in the 24,000 level in the process. This comes after the index sliced through its 200-day MA for the first time in 10 months last week. While the technical outlook for the index is dour, the biggest stocks within it look arguably worse, highlighted by -30% drawdowns from record highs in Magnificent 7 names Microsoft (NASDAQ: Unless and until we get good news on the Iran conflict, the path of least resistance remains down for the Nasdaq 100, with the next support level at the 38.2% Fibonacci retracement of the 2025 rally near 22,500. Meanwhile, any bounces will be treated with skepticism by bears until we’re back above the 200-day MA near 24,500.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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