Crude oil price bounced downwards clearly after testing 57.40 level, to keep the bearish trend valid for the upcoming period, supported by stochastic move at the overbought areas, reminding you that our waited targets begin at 56.00 and extend to 54.60.
Gold price touched 1447.00 level and finds solid support there, waiting to get negative motive that supports the expetations of breaking this level followed by rallying towards our next target that reaches 1413.10, to continue suggesting the bearish trend in the upcoming period unless the price rallied to breach 1489.00 level and hold above it.
The EURUSD pair shows more decline to approach our first waited target at 1.0995, to continue suggesting the bearish trend in the upcoming sessions, which its next target located at 1.0950, while holding below 1.1065 represents the first condition to continue the expected decline.
Caterpillar's stock stalled a bit in the intraday levels to gather momentum and collect profits and vent off overbought saturation in the RSI, with positive support from the 50-day SMA and amid the dominance of the upward short-term trend.
Therefore we expect the stock to rise and target the resistance of 151.41.
Expected trend for today: Bullish