Brent oil price faces strong negative pressure to break 82.70 and settle below it, which pushes the price to achieve more expected decline in the upcoming sessions, noting that surpassing the EMA50 will lead the price to visit 81.00 mainly, while consolidating above 82.20 will lead the price to recover and test 83.87 level again.

Crude oil price broke 77.86 level strongly to stop the positive scenario and head towards potential turn to decline, noting that the negative targets start at 76.00 and extend to 75.15 as next stations, while the expected decline will remain valid unless the price managed to breach 77.86 and hold above it again.

The EURUSD pair trades with clear positivity to approach our waited target at 1.0860, and we need to monitor the price at this level, as breaching it represents the key to extend the bullish wave and achieve additional gains that reach 1.0960, while consolidating against the bullish rally will push the price to rebound bearishly and test 1.0765 areas again.

Amgen’s stock (AMGN) fell in the intraday levels, amid negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward correctional wave, piercing thereafter the support of 288.45, while seeking a bottom to bounce it higher again, amid the dominance of the main upward trend in the short term alongside the trend line, as the RSI reached oversold levels. 

Therefore we expect the stock to return higher, targeting the first resistance at 300.00, provided the support of 274.60 holds on.

Expected trend for today: Likely Bullish