Crude oil price rallied upwards to breach 32.50 to head towards 34.60 and approaches it now, which hints that the price is on its way to regain the main bullish trend, noting that breaching the last level will extend the bullish wave to target 36.00 areas on the near term basis, while trading below 32.50 again will reactivate the bearish trend scenario that its main target located at 28.80.
Gold price touched the minor bearish channel’s resistance and shows bearish rebound signals from there, which urges caution from the upcoming trading, as failing to breach the mentioned resistance will push the price to test the key support 1691.10 again, which breaking it represents the key to extend the correctional bearish wave to target 1646.00 as a next negative station.
The EURUSD pair rallied upwards strongly to succeed achieving our waited target at 1.1067 and breaches it to settle above it now, paving the way to extend the bullish wave on the short term basis, as the next target is located at 1.1170, noting that holding above 1.1067 represents initial condition to continue the expected rise.
Tesla's stock rose 0.17% in the last session while trading alongside the upward short-term trend line, with support from the 50-day SMA, countered by negative signals from the RSI.
We expect more gains for the stock, targeting the pivotal resistance of 943.89, as long as it settles above 803.38.
Expected trend for today: Bullish