Crude oil price continues to fluctuate at 54.60 level and still below it, to keep the bearish trend scenario active, support by the negative signal provided by stochastic, waiting to resume the bearish bias that its first main target located at 51.80.
Gold price broke 1485.00 level strongly and attempts to hold below it, to hint the price head to decline in the upcoming sessions, waiting to get a daily close below the mentioned level to confirm the continuation of the bearish bias towards 1447.00 that represents the next negative target, while the EMA50 forms negative pressure that supports the chances of continuing the decline.
The EURUSD pair traded positively after confirming the stability above the bearish channel’s resistance, getting continuous positive support by the EMA50, to keep the bullish trend scenario active in the upcoming sessions, reminding you that our main target is located at 1.1180, while achieving it requires holding above 1.1000 and 1.0975 levels.
Alphabet's stock climbed in the short term while trading alongside the main upward trend line with positive signals and pressure from the RSI and the 50-day SMA.
Therefore we expect more gains, targeting the resistance of 1265.18.
Expected trend for today: Bullish