Crude oil price rallies upwards strongly to test the first key resistance 40.40, affected by stochastic positivity, which urges caution from the upcoming trading, as continuing the rise and surpassing this level followed by breaching 40.80 will stop today’s suggested negative scenario and leads the price to turn to rise and achieve new gains that reach 43.05.
Gold price faces new negative pressure to head towards visiting the intraday bullish channel’s support line, getting continuous positive support by the EMA50, waiting to resume the bullish trend that its next targets located at 1825.00 followed by 1855.00, reminding you that it is important to hold above 1770.00 to continue the expected rise.
The EURUSD pair provides more positive trading in attempt to move away from 1.1270, to keep the bullish trend scenario valid and active in the upcoming sessions, supported by the EMA50, waiting to visit 1.1420 level as a next main station, while holding above 1.1270 represents key condition to achieve the suggested target.
Google's stock rose 1% in the last session, readying to tackle the pivotal resistance of 1,531, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 1,531.20 and opening the door for more gains.
Expected trend for today: Bullish