Recently, geopolitical tensions and conflicts have intensified in the Middle East and around the world, leading to significant implications for the global economy, particularly financial markets across various sectors and investment instruments. This impact is not limited to local markets in the region but extends globally, given the strategic importance of the Middle East in the global economy.

In such turbulent times, many financial assets experience sharp fluctuations and fundamental changes in performance, including stocks of companies in various sectors and strategic commodities of great economic importance. The degree to which these assets are affected varies depending on their nature and direct or indirect connection to ongoing events in the region.

Among the most important stocks likely to experience noticeable movements during crises, particularly in the Middle East, are:

Energy Sector Stocks

Geopolitical tensions in energy-rich regions, particularly the Middle East, have significant implications for global energy markets due to the region's role as a major oil producer. Instability in this area can disrupt oil supplies, leading to fluctuations in energy prices. Some of the best-performing energy stocks expected to improve if global crude oil prices rise include:

Transportation and Shipping Sector

Shipping costs may rise if maritime routes in the Middle East, such as the Strait of Hormuz, are affected, impacting shipping companies' stock performance. Here are some notable stocks with good investment potential in this sector:

Best Trading Platforms October 2024

• Pepperstone -  Best overall trading broker for beginners in October 2024. Founded 2010. Multiple regulated licenses. Minimum deposit: $0. 20% discount on deposit.
• Plus500 -  Best licensed broker for investing in October 2024. Founded 2008. Multiple regulated licenses. Minimum deposit: $100.
• XM - Top trading platform for educational materials and copy trading in October 2024. Founded 2009. Multiple regulated licenses. Minimum deposit: $5. Periodic competitions and bonuses.

The GBPAUD price confirmed keeping the bullish track by providing new positive closings above the bullish channel’s support lien at 1.9158, to notice its fluctuation above the MA55 now to manage to gain new positive momentum to confirm the continuation of the positivity.

Also, 1.9315 level attempt to form additional support will increase the chances of activating the bullish rally, to expect targeting 1.9510 level soon, while surpassing it will extend trades towards the next main target at 1.9580 direct.

The expected trading range for today is between 1.9340 and 1.9510

Trend forecast: Bullish

Natural gas price failed to gather the positive momentum recently, to force it to postpone the bullish rally and notice its fluctuation near the additional support line at 2.610$, while the current sideways trading is caused by the contradiction between the major indicators, which might force the price to suffer additional losses by crawling towards 2.530$ soon before any attempt to record any new positive target.

On the other hand, activating the bullish track requires jumping above 2.710$ level and providing positive close above it to manage to form strong bullish waves and target 2.780$ followed by 2.850$ levels.

The expected trading range for today is between 2.540$ and 2.680$

Trend forecast: Bullish

Despite the GBPJPY pair’s stability within the minor bullish channel, the lack of the positive momentum pushed it to provide sideways trades by fluctuating near 195.00, while resuming the bullish attack requires the stability of 194.30 support line, to ease the mission of surpassing 195.60 obstacle that will open the way to reach the positive stations at 196.40 and 197.30.

On the other hand, failing to surpass the obstacle might force the price to attack the bullish channel’s support line, while breaking it will push the price to form correctional bearish trades to suffer many losses by moving towards 193.00 first, followed by reaching the additional support at 191.70.

The expected trading range for today is between 194.50 and 196.40

Trend forecast: Bullish