Ukrainian Attack Shuts Down Russia's Orsk Refinery for Months

Despite supply disruptions, falling prices and an RSI in oversold territory suggest that downward pressure may persist in the short term. The MACD remains in negative territory and below its signal line, indicating weak momentum. The price is trading below both the 20-day and 50-day moving averages, further weakening the technical outlook. However, oversold conditions and supply concerns could trigger some bargain buying, so a bearish but limited expectation is appropriate.

Rising geopolitical risks could put pressure on energy prices and reduce overall market risk appetite. GOOGL shares have lost 2.5% in the last 24 hours, with RSI at 42 indicating weak momentum. MACD is below the signal line and in negative territory, supporting a short-term bearish trend. The price is trading below the 20-day and 50-day moving averages, which makes the technical outlook negative. However, since the news is not directly related to GOOGL, the impact may be limited, so the confidence level is moderate.

WTI crude oil fell 2.4% over the past 24 hours to $80.65, with the RSI approaching oversold territory at 30. The MACD is in negative territory and below the signal line, indicating weak short-term momentum. Ukraine's attack on Russia's Orsk refinery could cause a short-term supply disruption, but this news appears to support the current downtrend rather than lifting prices. Price remaining below the SMA20 and SMA50 confirms a negative technical outlook. Therefore, in the 1-3 day perspective, the price is likely to continue its downward trend, although oversold conditions may trigger some buying interest.