Russia's Saratov Oil Refinery Halts Operations After Drone Attack

GOOGL shares fell 2.16% in the last close, trading at $355.82. The RSI has dropped to 40.43, below the neutral zone, while the MACD remains in negative territory below the signal line. Although the news headline does not directly impact Alphabet's operations, rising geopolitical risks could negatively affect overall market sentiment. In the short term, technical indicators point to weak momentum, but the decline is expected to remain limited.

Brent crude fell 3.3% in the last close to $75.69, with technical indicators pointing to weakness. Although the RSI at 35.5 is approaching oversold territory, the MACD remains below the signal line and in negative territory, indicating short-term downward momentum. The price is trading below both the 20-day ($77.94) and 50-day ($77.31) moving averages, confirming a weak technical structure. While the reported refinery outage creates a short-term supply disruption, overall demand concerns and the technical outlook may sustain downward pressure. In the short term, a break below the $75 support level could accelerate the decline.

WTI crude oil has declined more than 3% in the past 24 hours, falling to $71.52. Although the RSI at 35.77 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, indicating that short-term bearish momentum persists. The price is trading below both the 20-day (73.43) and 50-day (73.13) moving averages. While a refinery attack in Russia has heightened supply concerns, the weakness in technical indicators and the recent sharp decline suggest the market is currently focusing more on demand worries than supply disruptions. Therefore, downward pressure is expected to continue in the near term.

Although the news may appear to be about supply disruption, the refinery shutdown could negatively impact Exxon's short-term stock performance. Technical indicators are already weak: the RSI is near the sell zone at 43, the price is below the SMA20 (139.97), and the MACD is below the signal line. The last close at 137.84 is near the SMA50 (137.95); a break below this level could accelerate the decline. The short-term bearish trend prevails.