Technically, Aramco remains above both its 50-day and 200-day moving averages with a mid-range RSI, while the broader index faces a near-term threshold at 10,400 points. With third-quarter earnings still unfolding and oil prices volatile, the market's next directional move hinges on whether heavyweight support can sustain a rebound or whether the broadening selloff in banks and mid-caps pulls the index below recent lows.
Can Aramco and the energy complex continue to prop up market capitalization while the majority of listed stocks make fresh 52-week lows?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
