US Urges Ukraine to Halt Attacks on Tankers Using Russian Ports

The news could heighten geopolitical risks, keeping supply concerns alive and supporting Brent prices. Technically, the price is above the SMA20 and SMA50, with the RSI at 64 indicating strong bullish momentum. Although the MACD is just below the signal line, it remains in positive territory, suggesting potential for an upward continuation after a short-term correction. However, the RSI approaching overbought levels and the weak MACD signal indicate that the upside may be limited. Therefore, while an upward move is expected in the short term, a strong breakout would require the news to translate into a concrete supply disruption.

Although the news suggests that geopolitical risks may diminish, supply concerns have not completely disappeared in the short term. On the technical indicators, RSI is approaching overbought territory at 65, while MACD is just below the signal line, and the price remains firmly above the SMA20. The 2.4% upward momentum over the last 24 hours could continue, but the upside movement is expected to be limited. Therefore, I foresee a slightly upward trend in the short term, but excessive optimism should be avoided.

The news could increase geopolitical risks and support oil prices, which may positively impact energy stocks such as XOM. Technical indicators also point to a strong upward trend: RSI is in the buying zone at 63.5, MACD is above the signal line, and the price is above both the 20-day and 50-day moving averages. The 3.7% increase over the last 24 hours suggests momentum could continue. However, I am not highly confident due to the risk of overbought conditions in the short term and the possibility that the news impact may be limited. Overall, an upward movement can be expected in the short term.

The news points to a potential reduction in geopolitical risks, which could put pressure on energy prices. However, CVX stock has risen 4.24% in the last 24 hours and has entered overbought territory with an RSI of 71.9. The MACD is positive and trading above the SMA20, indicating strong short-term momentum. Nevertheless, overbought conditions and the potential supply increase effect from the news may limit further upside. Therefore, I expect a slight upward movement in the short term, but caution is advised.