Russia: Hormuz Crisis Shifts Oil Payments to Yuan

Although the news keeps concerns over oil supply alive by increasing geopolitical risks, the price stabilizing around $107 and the RSI at a neutral level of 57 do not indicate a clear short-term direction. The MACD remains below the signal line, suggesting weak momentum. The price is trapped between the 20-day moving average (107.15) and the 50-day moving average (105.93), moving sideways. Any upward movements triggered by the news are expected to be limited and likely to continue within the current range.

Although the news keeps oil supply concerns alive by increasing geopolitical risks, technical indicators do not provide a clear direction. The RSI is in neutral territory at 55, the MACD remains below the signal line, and the price is trading near the 20-day moving average. Momentum for an upward breakout in the short term appears weak. Therefore, the market can be expected to stabilize at current levels.

The news indicates that geopolitical risks could affect oil supply, bringing non-dollar payment mechanisms to the forefront. This situation may support expectations of a short-term rise in oil prices. Technically, XOM shows a neutral RSI of 60 and positive momentum with the MACD above its signal line. The price is trading above both the 20-day and 50-day moving averages, gaining 3.2% in the last 24 hours. However, given that a stronger catalyst is needed for sustained upside, a cautiously optimistic 'upward' expectation appears appropriate.

The news indicates that geopolitical tensions could affect oil supply, creating a favorable environment for energy companies. Technically, the RSI is neutral at 56 and the MACD is above the signal line, suggesting short-term bullish momentum. The price is above the 20-day SMA but below the 50-day SMA, presenting a mixed outlook. The 1.95% increase in the last closing confirms buyer interest. However, the impact of the news may be limited, and the market will remain tied to broader oil price movements.