Crude oil price rallied upwards strongly to breach 60.92 level and settles above it, which leads the price to achieve more expected gains in the upcoming period, paving the way to visit the previously recorded top at 66.58, noting that the potential rise will remain valid unless breaking 60.92 level and holding below it again.
The EURUSD pair continues to decline to move below 1.1000 barrier now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which gets continuous support by the EMA50, reminding you that our main waited target reaches 1.0857.
Coca-Cola's stock fell amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, while seeking a bottom to bolster it, amid positive signals from the RSI.
Therefore we expect the stock to return higher, especially if it settled back above 54.78, targeting the resistance of 55.88.
Expected trend for today: Bullish
Bank of America's stock dipped to a low of 29.63 before paring some losses, while venting off overbought saturation in the RSI amid the dominance of the upward short-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to rise in the short term, as long as the support of 28.86 holds on, targeting the pivotal resistance of 31.06.
Expected trend for today: Bullish