Europe's Energy at 45 Euro Limit: Iran's Ship Move a Supply Crisis?

Europe's attempt to impose a cap on energy prices could create short-term uncertainty in markets. Concerns over a supply crisis related to Iran's ship maneuvers may push energy costs higher, reducing global risk appetite. This could increase selling pressure, particularly in energy-intensive sectors, and heighten volatility in emerging markets. However, as there is no clear crisis signal yet, the impact may remain limited.

Brent crude oil has declined 6.3% in the last 24 hours to $99.78. The RSI has fallen below the neutral zone to 44, while the MACD line remains below the signal line, indicating weakening short-term momentum. Trading below both the 20-day and 50-day moving averages further darkens the technical outlook. Although headlines about Europe's energy cap and Iran's ship move raise supply crisis concerns, the current technical structure supports a bearish bias. Therefore, the likelihood of continued downward movement in the short term is high.

Natural gas is trading at 2.689, below the 20-day moving average of 2.702. The RSI is at 43.47, indicating weak momentum, while the MACD remains negative below its signal line. Although headlines suggest Iran's maritime move could trigger a supply crisis, technical indicators point to a short-term bearish trend. Therefore, the negative impact of the news may be limited, and further price declines are possible.