Crude oil price shows additional negative trading to break the bullish channel’s support line and attempts to hold below it, which hints the price head to achieve more decline in the upcoming sessions, paving the way to visit 54.60 level as a next negative target, noting that trading above 55.90 will lead the price to test the key resistance 57.40 again before determining the next destination clearly.
Gold price trades positively to attack the bearish channel’s resistance, which requires caution from the upcoming trading, as closing the daily candlestick above this resistance will push the price to test 1489.00 level before any new attempt to decline, while the price needs to hold below 1472.00 to regain the correctional bearish trend.
The EURUSD pair shows positive trading in attempt to move away from 1.1065 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our targets begin at 1.1105 and extend to 1.1180, while achieving them requires holding above 1.1065.
Russell 2000's indicator rose and tackled the ceiling of a positive pattern that formed recently, the Flag pattern, with positive support from the 50-day SMA and the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance at 1621.40, provided the ceiling is breached.
Expected trend for today: Bullish