Trump: Only Ships We Allow Pass Through the Strait of Hormuz

Although the news headline increases geopolitical risk, its direct impact on a technology stock like GOOGL is limited. On the technical indicators, the RSI is at 57.6, indicating a neutral zone, while the MACD is negative but approaching the signal line. The price is above the 20-day SMA but below the 50-day SMA, suggesting short-term mixed signals. Despite a 4.6% rise in the last 24 hours, geopolitical uncertainty and technical resistances make it difficult to predict a clear direction.

Brent crude oil experienced a sharp decline of over 6% in the last 24 hours, falling to $84.36. The RSI is approaching oversold territory at 33.6, while the MACD remains negative below the signal line. Trump's emphasis on control over the Strait of Hormuz could heighten supply concerns in the short term, but technical weakness and trading below the 20- and 50-day moving averages support the bearish trend. The $83.50-$84.00 range may be tested in the near term, but oversold conditions could trigger buying interest.

Although the news increases geopolitical risk, technical indicators for WTI remain weak. The price is trading below the 20- and 50-day moving averages, and the RSI at 33 is near oversold territory. The MACD is in negative territory but approaching the signal line, which could signal a short-term recovery. However, the 5% decline over the past 24 hours and selling pressure may limit the impact of the news. The short-term downtrend is expected to continue.

Restrictions on the Strait of Hormuz increase the risk of oil supply disruptions, creating uncertainty for energy companies. XOM shares have fallen 3% in the last 24 hours, with the RSI declining to 39, indicating continued selling pressure. The MACD line remains below the signal line, suggesting weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, making the technical outlook negative. Given the combination of geopolitical risks and weak technical indicators, a continued downtrend can be expected over the next 1-3 days.