US-Iran Tensions Strengthen Dollar, Brent Hits $90

GOOGL shares fell 3.14% in the last close, with the RSI dropping to 33, nearing oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. Geopolitical tensions and rising oil prices, as highlighted in recent headlines, could pressure technology stocks. While the low RSI level suggests a potential technical rebound, current indicators and news flow support a bearish trend in the short term.

Although Brent oil tested the $90 level amid US-Iran tensions, the RSI entering overbought territory at 72 increases the likelihood of a short-term correction. While the MACD line remains above the signal line, overbought conditions and a strengthening dollar could pressure oil prices. Trading above the 20- and 50-day moving averages supports the uptrend, but failure to break the $90 resistance may trigger profit-taking. A pullback toward the $88-89 range is expected in the near term.

The news headline points to a development that could increase dollar demand amid rising geopolitical risks. Technical indicators present a neutral picture: the RSI at 47 is neither overbought nor oversold, the MACD is below the signal line but near zero, and the price is trapped between the 20- and 50-day moving averages. In the short term, the positive momentum generated by the news may help break through technical resistance levels, but there is a risk that the rally remains limited due to the current consolidation. Therefore, while the direction is upward, the confidence level is moderate.

The news headline indicates that oil prices are rising due to increased geopolitical risks. This could serve as a positive catalyst for energy companies such as Exxon Mobil. Technical indicators also support this view: the RSI is trending upward at 61, the MACD is above its signal line, and the price is above both the 20-day and 50-day moving averages. However, there is a risk that the upside may be limited, as a strengthening dollar could pressure commodity prices and the gap between the MACD signal and price is narrowing.