Oil at $108, US Interest Rate at 5%: First Impact Felt on Borsa Istanbul

Brent fell 6.5% in the last 24 hours to $101.32; with RSI at 26, it is in oversold territory, and MACD is negative, indicating weak momentum. The news headline highlights the negative impact of high oil prices and the interest rate environment on Borsa Istanbul, which could suppress risk appetite. Although there may be bargain hunting in the short term, the trend is downward; the $100 support is critical. For 1-3 days, the downward bias may persist, but due to oversold conditions, limited declines are expected.

GOOGL stock rose 5.76% in 24 hours to reach 349.48, with RSI at 73.5 indicating an overbought zone and MACD generating a positive signal. Although the news headline does not directly target GOOGL, high oil prices and US interest rates could suppress global risk appetite, creating an indirect negative impact on tech stocks. However, strong price momentum and positive technical indicators support an upward trend in the short term. Due to the overbought condition, profit-taking may occur, making the direction uncertain. Therefore, the short-term impact is considered neutral.

The news indicates that oil prices have risen to $108 and the US interest rate is at 5%, which presents mixed signals for XOM in the short term. High oil prices could support XOM's revenues, but the high interest rate environment may suppress commodity demand and overall market appetite. Technical indicators point to a sideways trend: RSI at 51 is neutral, MACD is below the signal line, and the price is slightly below the SMA20. The last close was $165.07, up 0.18% in 24 hours, but the SMA20 (165.56) may act as resistance. The impact of the news may be limited; within 1-3 days, fluctuations are expected between support at 163.50 (SMA50) and resistance at 165.56.

Technical outlook for CVX is uncertain: price slightly below SMA20, near SMA50, RSI at 45 in neutral territory, and below the MACD signal line. The news headline simultaneously highlights high oil prices and high US interest rates, painting a contradictory picture for the energy sector; oil's support for CVX revenues may be offset by interest rate pressure. Since the headline is not directly specific to CVX and references Borsa Istanbul, the impact may be limited and indirect. In the short term, a sideways trend around $212 should be monitored, with resistance at SMA20 (213.7) and support at SMA50 (212.3). There is no clear catalyst for direction, so a neutral stance is more cautious.