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End of day analysis for Crude oil 20-05-2020
Crude oil price rallied bullishly to breach the bullish pennant’s resistance mentioned in our previous reports and gets positive motive that supports the expectations of achieving more rise in the upcoming period, and the way is open to head towards our next positive target that reaches 36.50, noting that it is important to hold above 31.80 to continue the suggested rise.
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End of day analysis for the EURUSD 20-05-2020
The EURUSD pair breached 1.0966 level and attempts to hold above it, which hints the price head to achieve more rise in the upcoming sessions, paving the way to head towards 1.1067 as a next positive target, noting that closing the day above 1.0966 will confirm the continuation of the bullish trend, while trading below it again will put the price under negative pressure that targets 1.0840 areas mainly.
MoreIBM declines amid positive pressures - Analysis - 20-05-2020
IBM's stock declined 1.04% in the last session while garnering positive momentum to help it rise anew, while trading alongside the upward short-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
MoreHewlett-Packard shakes off negative pressures - Analysis - 20-05-2020
Hewlett-Packard's stock kept rising in the intraday levels after a 3.78% profit in the last session while shaking off negative pressure from the 50-day SMA, and amid the dominance of the upward short-term trend, with positive signals from the RSI.
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