Crude oil price succeeded to touch our first waited target at 65.60 and finds solid resistance there, waiting to get positive momentum that assist to push the price to surpass this level and confirm extending the bullish wave towards 67.95, noting that the continuation of the expected rise requires holding above 64.35.
Gold price faced strong negative pressure to break 1785.00 level and settles below it, to hint heading for potential test to the most important support at 1765.00 before turning back to rise, making the bearish bias suggested in the upcoming sessions unless the price managed to breach 1785.00 and hold above it again.
McDonald's stock (MCD) fell 0.22% in the last session after hitting an intraday high at 238.08 and bouncing off it lower, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to rise anew and target the resistance of 243.63, provided the support of 231.76 holds on.
Expected trend for today: Bullish
Coca-Cola's stock (KO) rose 0.93% in the last session while trading alongside the upward medium-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI, tackling the pivotal resistance of 54.57.
Therefore we expect more gains for the stock, targeting the resistance of 58.00.
Expected trend for today: Bullish