Iran-US Negotiations Fail, Oil and Gold Prices Predicted to Fluctuate Next Week
JAKARTA, KOMPAS.com - Global crude oil and gold prices next week are projected to move volatily with a fairly wide range, in line with the failure of negotiations between the United States (US) and Iran.
Currency and commodity analyst, Ibrahim Assuaibi, assesses that technically, the support level is estimated at $78.7 US per barrel, while resistance is in the area of $107.9 US per barrel.
“For oil itself, it is most likely to be traded next week at $78.7 per barrel, that’s the support. Then resistance is at $107.9 US per barrel,” said Ibrahim to reporters on Sunday (13/4/2026).
Quoting CNBC, May-delivery West Texas Intermediate (WTI) crude futures fell 1.5 percent to $96.37 US per barrel, after briefly breaking through the $100 US level at the start of the trading session.
Meanwhile, the global benchmark Brent crude for June delivery weakened 1.3 percent to $94.69 US per barrel.
Ibrahim views that oil prices depend on the outcome of negotiations between the United States and Iran.
If the ceasefire currently being pursued can proceed effectively and be extended, energy distribution has the potential to return to normal, thus oil prices tend to decline.
However, if negotiations fail and conflict heats up again, the risk of supply disruptions will increase. Closure or restriction of the Strait of Hormuz route could cause a surge in oil prices, which ultimately impacts global inflation.
“Well, but in the next two weeks’ break, both America, Israel, Iran, they conduct consolidation if the ceasefire fails or is not extended, thus open war will occur again,” he explained.
On the other hand, global gold prices are also expected to move fluctuatively next week. If a correction occurs, gold prices have the potential to drop to the initial support level at $4,638 US per troy ounce, with the precious metal around Rp 2,840,000 per gram.
In a scenario of further decline over the week, gold could weaken to $4,358 US per troy ounce, with the precious metal potentially dropping to around Rp 2,780,000 per gram.
Conversely, if prices strengthen, gold has the opportunity to rise to the resistance level at $4,897 US per troy ounce, with the precious metal price estimated to increase to around Rp 2,880,000 per gram.