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Evening update for Crude oil price 25-01-2024
Crude oil price shows more bullish bias to support the continuation of the expected positive scenario on the intraday basis, organized inside the bullish channel that appears on the chart, supported by the EMA50, waiting to visit 77.86 that represents our next target, reminding you that it is important to hold above 73.73 to continue the expected rise.
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Evening update analysis for the EURUSD 25-01-20240
The EURUSD pair broke 1.0860 strongly to settle below it and head towards reactivating the negative scenario in the upcoming sessions, targeting testing 1.0765 areas initially, noting that breaking this level will push the price to suffer additional losses that reach 1.0645, while the expected decline will remain valid unless breaching 1.0860 followed by 1.0890 levels and holding above them.
MoreOccidental Petroleum tries to recoup some losses - Analysis - 25-01-2024
Occidental Petroleum Corporation's stock (OXY) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, amid the dominance of the downward medium-term trend as the stock trades alongside the secondary short-term trend line, with negative pressure from the 50-day SMA amid attempts to recoup some recent losses.
MoreSplunk tries to vent off overbought saturation - Analysis - 25-01-2024
Splunk's stock (SPLK) fell in the intraday levels while gathering positive momentum to rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the main upward medium-term trend line, with positive pressure from the 50-day SMA.
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