Oil Prices Fall Below $80 as Gulf of Hormuz Flow Expectations Rise

Oil prices slipped below $80 per barrel by the close of trading yesterday. The decline was attributed to easing geopolitical uncertainties and expectations of a rebalancing in supply. Analysts predict a short‑term uptick in flows through the Strait of Hormuz. A relaxation of restrictions in the strait could restore normal oil traffic, potentially supporting a rebound in prices. On the same day, the Bank of Japan raised its policy rate to 1%, a move that may strengthen the yen and tighten the global interest‑rate environment. The review also noted the temporary blocking of the Telegram app in India, highlighting its implications for digital communication infrastructure and related sectors. This is not investment advice.

📊 BRENT — Piyasa Yorumu

▼ down · 70%

Brent crude is trading just below the $80 level, with the RSI at 34.8 and MACD in negative territory, indicating oversold conditions. A close above the 20- and 50-day SMAs is intensifying short-term bearish pressure. News of expected Hormuz flows is reinforcing supply growth concerns. These factors increase the likelihood of prices continuing to decline below $80 over the next 1-3 days. However, due to market volatility, a sudden rebound remains possible.

RSI 14

34.8

MACD

-1.11

24h Δ

-4.71%

📊 OXY — Piyasa Yorumu

▼ down · 70%

OXY shares declined 5.4% to $53.68 as oil prices fell below $80. The 14-day RSI has entered oversold territory at 29.86, suggesting potential for a short-term rebound. However, the MACD line remains below the signal line and in negative territory, indicating continued bearish momentum. Trading below both the 20-day and 50-day moving averages further weakens the technical outlook. If oil prices continue to decline, OXY faces further downside risk in the near term.

RSI 14

29.9

MACD

-0.86

24h Δ

-5.41%

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