US Awaits Iran's Response After Forcing Ceasefire in Hormuz Clashes

The news headline indicates ongoing geopolitical tensions and lingering uncertainty following a ceasefire. This keeps the risk perception for oil supply alive, potentially supporting Brent prices on the upside. Technical indicators present a neutral picture: RSI at 51.6 is neither overbought nor oversold, MACD is near the zero line, and SMA20 and SMA50 are very close to each other. With the price at 101.29 and trading above short-term averages, upside potential remains, but momentum is weak. Therefore, a slight short-term rise may be expected due to geopolitical risks, but confidence is kept low as there is no strong signal.

Although the headline points to geopolitical risk, the price has fallen 2.3% in the last 24 hours, with the RSI at 50.6, indicating neutral territory. The MACD is slightly bullish but very close to the signal line, suggesting weak momentum. While trading above the 20- and 50-day moving averages supports the medium-term structure, there is no clear directional signal in the short term. Given that geopolitical developments may already be priced in and expectations of a ceasefire could ease supply concerns, a sideways move is expected.

Although XOM stock has declined 6.8% in the last 24 hours and its RSI of 32.8 approaches oversold territory, geopolitical uncertainties and technical weakness may sustain short-term pressure. The MACD line remains below the signal line and in negative territory, indicating weak momentum. The price is trading below both the 20-day (146.12) and 50-day (150.72) moving averages, confirming a bearish trend. News headlines indicate ongoing tensions between Iran and the US, with no clear ceasefire in sight, which could add further pressure on oil prices and energy stocks. While a short-term recovery is unlikely, oversold conditions may limit the pace of further declines.

CVX shares fell 6.1% in the last 24 hours to $181.46, with the RSI at 34.5, approaching oversold territory. The MACD line is below the signal line and in negative territory, while the price trades below both the 20-day ($182.64) and 50-day ($188.21) moving averages. Headlines indicate ongoing geopolitical tensions and uncertainty over a potential response from Iran. While the short-term downtrend is likely to persist, the confidence level is moderate given oversold conditions and the rapidly changing geopolitical landscape.