Trump: US-Iran Agreement to Be Signed Tomorrow

The news could positively impact overall market sentiment amid expectations of reduced geopolitical risks and lower energy costs. GOOGL stock closed above its 20-day moving average (357.11), which may act as short-term support. The RSI is neutral at 49.7, while the MACD remains above its signal line and maintains an upward trend. However, a 1.66% decline in the last 24 hours and trading below the 50-day moving average (362.77) warrant caution. In the short term, the positive news could drive a rise toward the 362-363 resistance zone.

The news strengthens expectations of a supply surplus, citing that a US-Iran agreement is about to be signed. Brent crude oil price fell nearly 2% in the last close, with RSI at 42, indicating weak territory. The MACD line is below the signal line and in negative territory, confirming short-term bearish momentum. The price is trading below both the 20-day and 50-day moving averages. Therefore, the downtrend is expected to continue in the short term.

The news that a US-Iran agreement is set to be signed could amplify oversupply concerns. WTI crude oil fell 1.78% in the last session, with the RSI at 43, indicating weak momentum. The MACD line is below the signal line and in negative territory, confirming short-term bearish momentum. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. The agreement news may accelerate the current downtrend.

Although the news of easing geopolitical risks creates expectations of a decline in oil prices, Exxon Mobil's technical indicators already show a weak outlook. While the RSI at 38 is approaching oversold territory, the MACD remains below the signal line and in negative territory, confirming short-term downward momentum. The stock is trading below both its 20-day and 50-day moving averages, supporting the bearish trend. The deal news could put pressure on oil prices, negatively impacting Exxon Mobil shares. However, the expectation of a decline is expressed with moderate confidence, as the RSI approaching oversold territory increases the possibility of a short-term bounce.