JCI Opens Higher as Global Oil Prices Rise Again Amid Stalemate in Iran-US Negotiations
Jakarta – The JCI opened stronger by 36 points or 0.51% at the level of 7,165 during the opening of trading on Monday, 27 April 2026.
Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the JCI will attempt a rebound with the risk of correction in today’s trading.
“The JCI has the potential for a short-term technical rebound today to 7,250, but it could continue to correct after the rebound,” said Fanny in her daily research on Monday, 27 April 2026.
She stated that Asian stock market movements were varied during last Friday’s trading, while oil prices strengthened again amid the impasse in peace negotiations between the US and Iran.
In Japan, the Nikkei 225 index strengthened by 0.97%, and the Topix rose slightly by 0.01%. In South Korea, the Kospi index closed flat, while the Kosdaq surged 2.5%. On the other hand, Hong Kong’s Hang Seng strengthened by 0.24%, Australia’s ASX 200 weakened by 0.08%, and Taiwan’s Taiex increased by 3.23%.
These varied movements reflect a market sentiment that remains weak amid geopolitical uncertainties. Hopes for the end of the conflict in the Middle East are still overshadowed by risks of escalation that have not subsided.
Tensions have increased after Iran demonstrated its control over the Strait of Hormuz by releasing a video of its forces boarding a cargo ship. On the other side, US President Donald Trump has ordered his military to take firm action against threats in that strategic shipping lane.
“JCI support is at the level of 7,000-7,080, while JCI resistance is in the range of 7,200-7,250,” she said.
For information, Wall Street stock indices closed mostly higher during last Friday’s trading. Market optimism arose alongside hopes for the resumption of peace negotiations between the US and Iran.
The S&P 500 index rose 0.8%, and the Nasdaq Composite increased by 1.63%. Meanwhile, the Dow Jones Industrial Average weakened by 0.16%. The positive market sentiment was driven by news that Iran’s Foreign Minister, Abbas Araghchi, is scheduled to arrive in Islamabad to discuss the possibility of a second round of negotiations with the US, mediated by Pakistan.
Meanwhile, US President Donald Trump also announced an extension of the ceasefire between Israel and Lebanon for three weeks, which further eases geopolitical concerns. However, the conflict in the Middle East has not fully subsided. Tensions between the US and Iran continue, including in the Strait of Hormuz, a vital global oil trade route, which has been marked by mutual seizures of commercial ships.