Oil rises over 1% after Trump signals interest in China’s U.S. supplies – Reuters

The recent uptick in oil prices could marginally dampen overall market sentiment, yet technology firms such as GOOGL are not directly tied to the petroleum sector, so the effect is expected to remain constrained. While data center scaling and energy costs may rise, this impact is unlikely to be felt in the short term. Current technical indicators—RSI at 59.7, a positive MACD, and SMA20 and SMA50 levels in close proximity—do not signal a trend reversal. Consequently, it is difficult to pinpoint a clear direction for GOOGL over the next one to three days; a modest downward pressure across the market may be anticipated, but its influence should stay limited.

Trump’s determination regarding China’s interest in U.S. oil supplies may support prices in the short term by easing supply concerns. Brent is trading above the 20‑ and 50‑day moving averages and has crossed the MACD signal line to the upside, sustaining an uptrend. The RSI is around 60, not in the overbought region, providing a buffer for short‑term gains. A 1‑2% rise over the next 1‑3 days is expected, although volatility may remain high. Fundamental indicators are positive, but geopolitical developments can change rapidly.

Technical indicators suggest a short‑term bullish signal, with the price trading above both the SMA20 and SMA50, the MACD positioned above its signal line, and the RSI exceeding 50. Nevertheless, volatility and global supply developments may pose risks.

The 1% increase in oil prices is a favorable signal for oil producers like BP. Technical indicators are currently neutral, with the RSI at 45.5 and the MACD near zero. Although the price sits slightly below the 20‑ and 50‑day moving averages, short‑term upward pressure could lift the price. A modest rebound is expected within 1–3 days, but market volatility and other macro factors may constrain this movement.