Crude oil price rallied upwards strongly to succeed reaching our extended target at 73.30, and bounced bearishly to hint potential decline to visit 71.05 areas in the upcoming sessions before turning back to rise again, taking into consideration that breaching 73.30 will lead the price to achieve additional gains that reach 75.00 on the near term basis.
Gold price faces negative pressure to trade below 1797.00, which urges caution from the upcoming trading, as closing the daily candlestick below this level will push the price back to the bearish track and press on the price to head towards 1770.00 as a first negative target.
AMD's stock rose in the intraday levels in a journey to search for a bottom to bolster it higher while gathering momentum to regain footing, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the first resistance at 114.45.
Expected trend for today: Bullish
Amazon's stock fell 0.21% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, leaning thereafter on the 50-day SMA, with the dominance of the upward medium-term trend.
Therefore we expect the stock to return higher, targeting the resistance of 3,576.95, provided the support of 3,389.00 holds on.
Expected trend for today: Bullish