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Evening update for Crude oil 05-10-2021

Economies.com
2021-10-05 16:13PM UTC

Crude oil price rallied upwards strongly to succeed touching our waited target at 79.00 and attempts to breach it, reinforcing the chances of extending the bullish wave towards our next target at 80.00, noting that holding above 78.00 represents initial condition to continue the expected rise.

Honeywell returns lower - Analysis - 05-10-2021

Economies.com
2021-10-05 12:14PM UTC

Honeywell's stock (HON) returned lower with a 0.67% in the last session, while hurt by piercing the main upward trend line recently, amid the dominance of the short-term correctional wave, with negative pressure from the 50-dy SM, s the stock tries to vent off oversold saturation in the RSI.

 

Therefore we expect more losses for the stock, targeting the support at 207.80, provided it holds below 216.70.

 

Expected trend for today: Bearish 

Hewlett-Packard climbs within descending price channel - Analysis - 05-10-2021

Economies.com
2021-10-05 12:13PM UTC

Hewlett-Packard's stock (HPQ) rose 0.04% in the last session while trading within a descending price channel that guided recent short-term trading, amid negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 26.90, provided the resistance of 29.00 holds on.

 

Expected trend for today: Bearish 

IBM widens gains - Analysis - 05-10-2021

Economies.com
2021-10-05 12:13PM UTC

IBM's stock rose 0.55% in the last session and settled at 144.11, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, provided the support of 137.10 holds on, targeting the pivotal resistance of 152.70.

 

Expected trend for today: Bullish 

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.884 (2025-07-03 05:25AM UTC)