{"id":135423,"date":"2026-07-27T12:01:42","date_gmt":"2026-07-27T09:01:42","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=135423"},"modified":"2026-07-27T12:03:42","modified_gmt":"2026-07-27T09:03:42","slug":"oil-prices-on-the-retreat","status":"publish","type":"post","link":"https:\/\/www.smartindonesiafx.id\/pt\/oil-prices-on-the-retreat\/","title":{"rendered":"Oil prices on the retreat"},"content":{"rendered":"<h2 id=\"h-oil-prices-drop-as-middle-east-market-worries-ease\" class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Oil prices drop as Middle East market worries ease<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Oil prices dropped in today\u2019s opening as US and Iran halted their airstrikes over the past three days. Hopes for diplomatic efforts in Oman to work out a solution were raised, easing market worries for the supply side of the international oil market, weighing on the commodity\u2019s prices. There are still substantial thorns, like the control of the Straits of Hormuz and Iran\u2019s nuclear program, while the Houthis remain active in the Red sea. Nevertheless, further easing of the oil market\u2019s worries could cause oil prices to drop even lower.<\/p>\n\n\n\n<h2 id=\"h-usd-on-the-retreat-in-the-fx-market\" class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>USD on the retreat in the FX market<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The drop of oil prices and the enhancement of market hopes for diplomacy to work between the US and Iran hit the greenback possibly on two levels. The easing of market worries may have eased also safe haven inflows for the greenback. Furthermore and given the Fed\u2019s interest rate decision on Wednesday, the drop of oil prices eased market worries for US inflation to accelerate.<\/p>\n\n\n\n<h2 id=\"h-us-equity-markets-react-positively-to-middle-east-developments\" class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong><strong><strong><strong>US equity markets react positively to Middle East developments<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">US equities reacted positively to the drop of oil prices, and the easing of market worries for the US-Iran conflict. The market focus may be placed on the Fed\u2019s interest rate decision on Wednesday. Also, the earnings season is in full swing, with high-profile mega-cap tech companies releasing their reports like Microsoft, Meta Platforms on Wednesday, while Apple and Amazon are expected on Thursday.<\/p>\n\n\n\n<h2 id=\"h-other-highlights-for-today\" class=\"wp-block-heading\"><strong>Other highlights for today<\/strong><strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Today we get Germany\u2019s Ifo indicators for July, the UK distributive trades also for July, the US durable goods orders&nbsp; for June.<\/p>\n\n\n\n<h2 id=\"h-as-for-the-rest-of-the-week\" class=\"wp-block-heading\"><strong>As for the rest of the week<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On Tuesday we get the US consumer confidence for July and on Wednesday we get Australia\u2019s CPI rates of Q2, Sweden\u2019s preliminary GDP rates for Q2, and the we highlight the Fed\u2019s interest rate decision. On Thursday we get France\u2019s, Germany\u2019s, the Euro Zone\u2019s and the Czech Republic\u2019s preliminary GDP rates for Q2, Switzerland\u2019s KOF indicator for July, UK\u2019s BoE interest rate decision, Germany\u2019s preliminary HICP rates for July, the US PCE rates for June, the GDP advance rates for Q2 and the weekly initial jobless claims. On Friday we get from Japan Tokyo\u2019s CPI rates for July and the industrial output for June, China\u2019s NBS manufacturing PMI figure for July, BoJ\u2019s interest rate decision, UK\u2019s nationwide house prices for July, Frances\u2019 and the Euro Zone\u2019s preliminary HICP rates for July, Canada\u2019s GDP rates for May and the US final consumer sentiment for July.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 id=\"h-charts-to-keep-an-eye-out\" class=\"wp-block-heading\"><strong>Charts to keep an eye out<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>EUR\/USD<\/strong> remained in a sideways motion between the 1.1470 (R1) resistance line and the 1.1350 (S1) support level. We expect the sideways movement to continue between the R2 and the S1 currently, given also the narrowing of the Bollinger bands. The RSI indicator, remains between the 30 and 50, implying a bearish predisposition for the pair but nothing convincing currently. Should the bears take over, EUR\/USD may break the 1.1350 (S1) support line and aim for the 1.1210 (S2) support level. Should the bulls get in charge, we may see EUR\/USD breaking the 1.1470 (R1) resistance level and aim for the 1.1575 (R2) base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>WTI<\/strong>\u2019s price tumbled in today\u2019s opening, breaking the 88.60 (R1) support line, now turned to resistance and is now teasing the 82.00 (S1) support line. Given that the drop of WTI\u2019s price broke the upward trendline guiding it, we switch Friday\u2019s bullish outlook for a sideways motion bias, yet warn for any bearish tendencies. Should the bears take over, WTI may break the 82.00 (S1) support line, and continue lower aiming for the 76.60 (S2) support level. Should the bulls regain control, WTI may break the 88.60 (R1) resistance line and start aiming for the 93.30 (R2) resistance level.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"6441\" height=\"4577\" src=\"\/wp-content\/uploads\/2026\/07\/economic-calendar-news-forex-events-27072026-ironfx.jpg\" alt=\"An economic calendar table listing Monday's and Tuesday's early morning financial releases, including key indicators for Germany, the UK, the US, and Australia with forecasted impacts and currency notes.\" class=\"wp-image-135425\"\/><\/figure>\n\n\n\n<h2 id=\"h-eur-usd-daily-chart\" class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>EUR\/USD Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1916\" height=\"888\" src=\"\/wp-content\/uploads\/2026\/07\/eur-usd-daily-currency-rates-27072026-ironfx.png\" alt=\"EUR\/USD daily technical chart showing candlestick price action with Bollinger Bands, moving averages, and key support and resistance levels labeled from R3 down to S3, along with an RSI oscillator panel at the bottom.\" class=\"wp-image-135426\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 1.1350 (S1), 1.1210 (S2), 1.1065 (S3)<\/li>\n\n\n\n<li>Resistance: 1.1470 (R1), 1.1575 (R2), 1.1685 (R3)&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-wti-daily-chart\" class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong><strong><strong><strong>WTI Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1916\" height=\"888\" src=\"\/wp-content\/uploads\/2026\/07\/wti-cash-h4-ironfx-crude-oil-27072026.png\" alt=\"WTI, oil prices Cash daily price chart illustrating a recent upward trendline following a decline, featured with Bollinger Bands, support levels S1\u2013S3, resistance levels R1\u2013R3, and an RSI indicator below.\" class=\"wp-image-135424\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Support: 82.00 (S1), 76.60 (S2), 71.85 (S3)<\/li>\n\n\n\n<li>Resistance: 88.60 (R1), 93.30 (R2), 98.50 (R3)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Isen\u00e7\u00e3o de responsabilidade:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Esta informa\u00e7\u00e3o n\u00e3o \u00e9 considerada como aconselhamento ou recomenda\u00e7\u00e3o ao investimento, mas apenas como comunica\u00e7\u00e3o de marketing. O IronFX n\u00e3o \u00e9 respons\u00e1vel por quaisquer dados ou pela informa\u00e7\u00e3o fornecida por terceiros aqui mencionados, ou com links diretos, nesta comunica\u00e7\u00e3o.<\/p>","protected":false},"excerpt":{"rendered":"<p>Oil prices drop as Middle East market worries ease Oil prices dropped in today\u2019s opening as US and Iran halted<\/p>","protected":false},"author":15,"featured_media":107933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-135423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.1 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil prices on 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