Crude oil price faces additional negative pressure to break 26.94 level and attempts to hold below it, which hints that the price is on its way to test the key support 25.60 before attempting to resume the bullish trend for the upcoming period,.
Therefore, we might witness more intraday decline before rising again, noting that stepping above 26.94 again will reactivate the positive scenario and leads the price to head towards 30.00 as a next main target.
Gold price succeeded to achieve our first waited target at 1644.20 and breached it to settle above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting for more rise to visit 1703.25 as a next main station, noting that holding above 1644.20 represents initial condition to continue the suggested rise.
The EURUSD pair shows sideways trading and confines between 1.0775 and 1.0840 levels, and as long as the price is below the last level, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1.0700 and extend to 1.0640.
Oracle's stock dropped 0.80% in the last session amid negative pressure from the 50-day SMA, with negative signals from the RSI, as the stock moves alongside the downward medium-term trend line.
Therefore we expect more losses for the stock, targeting the first support at 46.00.
Expected trend for today: Bearish