Oil Rises as Selling Pressure Persists in AI Stocks

The news headline indicates that selling pressure on AI stocks persists, though there is no clear negative catalyst specific to NVDA. Technical indicators are sending mixed signals: the RSI is neutral at 51.6, and while the MACD remains below the signal line, it still holds a positive value. The price is trading above both the 20-day and 50-day moving averages, suggesting the medium-term trend remains upward. Selling pressure may continue in the short term, but the current technical structure does not support a sharp decline. Therefore, it is difficult to form a clear directional expectation.

AMD shares have lost more than 7% in the last 24 hours, falling to $513.59. While the RSI at 37 approaches oversold territory, the MACD indicator remains below the signal line in negative territory. Trading below the 20- and 50-day moving averages presents a technically weak outlook. The news headline supports this decline, noting continued selling pressure on AI stocks. In the short term, selling pressure is likely to persist, and the stock may retreat toward the $500 level.

Oil prices could see short-term upward movement as capital fleeing selling pressure in AI stocks shifts to commodity markets. Technical indicators support this view: the RSI is at 53, in neutral territory but trending upward, while the MACD has made a positive crossover above the signal line. The price has closed above the 20- and 50-day moving averages, establishing short-term support. However, sustained gains above the $85.50 level are crucial for the rally to continue. Overall, while short-term optimism prevails in the oil market, a deepening sell-off in AI stocks could reduce risk appetite and negatively impact oil.

XOM shares rose 5.3% in the last 24 hours, closing at $145.69. The RSI stands at 65, not yet approaching overbought territory, indicating room for continued upward momentum. Although the MACD line remains below the signal line, it is still in positive territory. The news headline suggests that rising oil prices are positively impacting the energy sector, while selling pressure on AI stocks may drive investors toward alternative assets. In the short term, the upward trend is expected to persist, but profit-taking could occur if the RSI approaches the 70 level.