US UN Ambassador Waltz: Traffic Hazard in the Strait of Hormuz Will Continue Targeting Iran

The statement by US Ambassador to the UN Waltz emphasizes that the risk in the Strait of Hormuz will continue, which may increase the risk premium in the short term. However, Brent has fallen by 3.2% in the last 24 hours, with an RSI of 40.6 and a negative MACD, and the price is below its SMA20 and SMA50, indicating a technically weak position. All these factors suggest that the market may face both upward and downward pressures in the short term, making it difficult to predict a clear direction. Therefore, prices may remain volatile in the short term. Based on the current data, we assess the direction as 'neutral'.

Geopolitical tensions in the Strait of Hormuz pose a direct risk for oil companies such as BP. The stock has already closed down 5.87%, with the RSI entering oversold territory at 22. The MACD is below the signal line and in negative territory, indicating weak short-term momentum. Trading below the 20- and 50-day moving averages further weakens the technical outlook. Selling pressure is likely to persist in the near term, but the pace of the decline may be limited due to oversold conditions.

Rising tensions in the Strait of Hormuz are creating geopolitical risk for energy companies. CVX shares have fallen 2.95% in the last 24 hours, with the RSI at 40 indicating weak momentum. The MACD line remains below the signal line, and the price is trading below both the 20-day and 50-day moving averages. This technical weakness, combined with the uncertainty generated by the news, suggests a high probability of continued downward pressure in the short term.