Crude oil price managed to break 51.61 level and settles below it now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that closing the daily candlestick below this level will confirm rallying towards 48.08 as a next main station, while holding below 51.61 represents initial condition to continue the expected decline.
American Express' stock kept rising in the short term with a 0.46% profit, amid the dominance of the main upward trend in the short and medium term, with positive pressure from the 50-day SMA, while the RSI reached overbought levels.
Therefore we expect more gains for the stock, as long as it settles above 120.80, targeting the resistance of 130.76.
Expected trend for today: Bullish
Boeing's stock skidded below 350.94, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 292.11 to 328.34), with negative signals from the RSI after reaching overbought levels, hinting at forming a negative divergence.
Therefore we expect more losses for the stock, as long as it settles below 350.94, targeting the next support at 328.34.
Expected trend for today: Bearish
AT&T's stock returned higher amid positive pressure from the 50-day SMA, amid the dominance of the upward short-term trend, scoring a modest 0.56% profit and readying to tackle the stubborn resistance of 32.49.
Therefore we expect more gains for the stock, provided the resistance of 32.49 was breached, targeting the next pivotal resistance at 34.28.
Expected trend for today: Bullish