The Iran war faded fast from most investors' memories, but the energy bid never did.
It's remained hidden as the entire energy complex trades sideways for months.
The ex-US energy names have been the quiet leaders of 2026. They've been coiling tight for months while the market chases AI or figures out if the SPCX IPO is worth buying into.
Today's standout is a quiet Italian name storing momentum for the next move:
Eni SpA $E is currently exhibiting a Squeeze Score of 90.4.
Here’s what the chart looks like:
Eni is coiled in a tight continuation pattern just beneath former highs following a strong advance.
After a powerful run off the lows, price has spent the past several months consolidating its gains in a tightening flag above the 52 polarity level.
Volatility on the Strazza Indicator has compressed into a tight range, signaling momentum's been reset for the next directional move.
