Crude oil price rallied upwards strongly to breach 72.70 resistance and reach the first expected positive target at 73.80, to hint heading to activate the positive scenario in the upcoming period, noting that the price is testing the support base formed at the breached resistance, which urges caution from the upcoming trading, as consolidating above it will push the price to achieve additional gains that surpass 73.80 to reach 76.10, while trading below it will put the price within the symmetrical triangle again.
The EURUSD pair broke 1.0795 level clearly and settled below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to test 1.0730 as a next station, noting that the continuation of the bearish wave depends on the price stability below 1.0800.
Domino's Pizza's stock (DPZ) fell in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, marking a loss of 1.14% in the last session, or 3.55 points, and settling at 308.91, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the pivotal support of 291.00, provided the resistance of 320.55 holds on.
Expected trend for today: Bearish
Gilead's stock (GILD) fell in the intraday levels while hurt by piercing the upward short-term trend line previously, with negative pressure from the 50-day SMA, marking a loss of 0.29% in the last session, or 22 cents, and settling at 78.62, with negative pressure from the 50-day SMA compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the support of 74.00, provided the initial support of 77.16 was breached.
Expected trend for today: Bearish