Crude oil price faces negative pressure to break 79.40 level and heads towards testing the bullish channel’s support line around 77.95, which urges caution from the upcoming trading, as continuing the bearish bias will press on the price to suffer additional losses that reach 76.40, while breaching 79.80 will lead the price to resume the main bullish trend that its next target located at 81.75.
The EURUSD pair resumes its positive trading to approach the key resistance 1.1375, and as long as the price is below this level, our bearish overview will remain valid and active for the upcoming period, noting that the first negative target is represented by testing 1.1285.
Intel's stock (INTC) advanced 0.26% in the last session amid negative signals from the RSI after reaching overbought levels, settling at 54.01, while buoyed by piercing the main downward trend line recently, while also buoyed by trading above the 50-day SMA.
Therefore we expect more gains for the stock, targeting the important resistance of 58.40, provided the support of 51.95 holds on.
Expected trend for today: Bullish
Microsoft's stock (MSFT) tumbled 0.79% in the last session amid negative pressure from the 50-day SMA, with negative signals from the RSI, settling at 313.88, parking at the support of the upward short-term trend line.
Therefore we expect the stock to return higher, targeting the resistance of 329.90, provided the pivotal support of 306.00 holds on.
Expected trend for today: Bullish