Crude oil price faced negative pressure to break 61.25 level and reach the key support 59.85, which urges caution from the upcoming trading, as continuing the decline and breaking the mentioned support will force the price to suffer more losses and achieve negative targets that start at 58.00, while breaching 61.25 represents the key to regain the bullish trend that its next target located at 63.30.
Gold price declined strongly to surpass our first target at 1692.00 and opens the way to continue the bearish trend, to reinforce the continuation of the bearish trend scenario in the upcoming sessions, reminding you that our next target is located at 1665.00, while holding below 1705.00 represents initial condition to achieve it.
The EURUSD pair provided additional negative trades to reach the thresholds of 1.1700 level, reinforcing the expectations of continuing the bearish trend, and we believe that the way is open to extend the bearish wave towards the next target at 1.1605, reminding you that it is important to hold below 1.1780 to continue the suggested bearish bias.
Hewlett-Packard's stock (HPQ) fell 1.86% in the last session on profit-taking, while gathering momentum to help it rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the first resistance at 32.85.
Expected trend for today: Bullish