Brent Crude Holds Above $100: Tanker Attacks Deepen Supply Concerns

Brent crude remaining above $100 and tanker attacks are increasing supply concerns, supporting the energy sector. CVX stock rose 1.05% in 24 hours, closing at $213.81, and is trading above its 20-day moving average (211.11). Although RSI at 63 is approaching overbought territory, MACD remains above the signal line, preserving positive momentum. While the news flow supports upward pressure in the short term, it should be remembered that geopolitical developments can change rapidly. Therefore, I expect a moderate upward trend in the 1-3 day horizon.

Brent crude remaining above $100 and tanker attacks could increase energy costs and geopolitical risks, putting pressure on technology stocks like GOOGL. The stock has already fallen 3.8% in 24 hours, with RSI at 37 indicating weakness and MACD below the signal line, suggesting continued short-term downside risk. The price is below the 20- and 50-day moving averages, indicating ongoing selling pressure. However, since the impact of the oil news is indirect, the bearish signal is not strong; buying on dips may be seen. Nevertheless, the current technical picture and macro news together support a downward bias in the short term.

Brent crude is holding above $100 while tanker attacks increase supply concerns. The price is trading just above the 20-day moving average and above the 50-day moving average, supporting a short-term bullish trend. However, with an RSI of 56, it is not in overbought territory, and the MACD is below the signal line, indicating weak momentum. News could create a geopolitical risk premium, but the impact is likely to be limited. An upward move is more likely within 1-3 days.

Brent crude remaining above $100 and tanker attacks are increasing supply concerns, creating a positive outlook for integrated oil companies such as XOM. Technical indicators also support this optimism: the price is above the SMA20 and SMA50, the RSI at 61.8 has not approached overbought territory, and the MACD is trending positively above its signal line. The 0.8% increase in the last 24 hours and the MACD's upward crossover indicate strong short-term momentum. However, volatility may be high depending on geopolitical news flow; nevertheless, the likelihood of an upward movement in the 1-3 day horizon is higher.