Intel Shares Rise on Sales Forecast, Oil Gains on Iran Tensions

Although NDX rose 0.89% in the past 24 hours, the RSI at 49.8 remains in neutral territory and the price is below the SMA20. The MACD is below the signal line, indicating weak short-term momentum. Recent developments in Intel and oil prices could have mixed effects on the index: Intel's stock rally may support the tech-heavy NDX, while rising oil prices could fuel inflation concerns and dampen risk appetite. Therefore, it is difficult to determine a clear direction, and further catalysts should be awaited for the market to react.

Although Intel shares have surged sharply by 25% in the last 24 hours, the RSI at 68.5 is approaching overbought territory. The MACD remains below the signal line, indicating weakening short-term momentum. While news headlines attribute the rise to Intel's sales forecast, rising oil prices could pressure technology stocks. The price staying above the 20-day moving average is positive, but profit-taking after the sharp rally and geopolitical risks create short-term direction uncertainty.

Brent crude oil continues its upward trend, driven by news of tensions with Iran. On the technical indicators, the RSI stands at 54.7, in neutral territory, while the MACD remains below the signal line but in positive territory. The price is trading above both the 20-day and 50-day moving averages, supporting short-term upside potential. However, given the pricing of geopolitical risks and the possibility of weakness in technical indicators, I believe the rally may remain limited.