Crude oil price shows additional negative trades to attack 82.85, to hint heading towards achieving bearish correction in the upcoming period, noting that holding below this level will press on the price to achieve additional decline that reaches 81.30 as a next station, while consolidating above 82.85 will push the price to resume the bullish trend that its first target located at 85.40.
Hewlett-Packard's stock (HPQ) declined 1.6% in the last session after the resistance of 30.88 held on while collecting recent profits, and gathering momentum to pierce that resistance, while venting off overbought saturation in the RSI, with positive support from the 50-day SMA, while hurt by exiting a descending correctional price channel that guided recent short-term trading.
Therefore we expect the stock to return higher, targeting the resistance of 33.00, especially if the resistance of 30.88 was breached.
Expected trend for today: Bullish
IBM's stock fell 0.40% in the last session, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, settling thereafter at 127.13.
Therefore we expect more losses for the stock, targeting the support of 118.30, provided it holds above 132.80.
Expected trend for today: Bearish
Johnson & Johnson's stock (JNJ) rose 1.02% in the last session, settling at 165.75, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the first support at 161.90, provided the resistance of 167.55 holds on.
Expected trend for today: Bearish