Crude oil price approached our waited target at 60.00 and rebounds bearishly to fluctuate at 59.00$ barrier, noticing that stochastic attempts to get rid of its negative momentum, waiting to resume the main bullish trend that its next main target located at 64.90, while achieving it conditions holding above 57.46.
Gold price keeps its stability above 1302.60 level, thus, the bullish trend will remain valid for the upcoming period, organized inside the intraday bullish channel that appears on the chart, waiting to test 1320.00 level initially, while the price needs to hold above 1302.60 and 1298.00 levels to continue the expected rise.
The EURUSD pair continues to fluctuate around 1.1350 level and moves at the bullish channel’s support line, waiting to get strong positive motive that supports the chances of continuing the expected bullish trend for the upcoming period, which targets 1.1420 level as a next main station, reminding you that holding above 1.1270 is important to continue the expected rise.
Intel's stock was dominated by the upward trend in the short term after piercing the downward correctional trend line in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, while a positive divergence formed previously in the short term.
Therefore we expect more gains for the stock, as long as the support of 53.30 holds on, targeting the resistance of 55.79.
Expected trend for today: Bullish