Crude oil price shows additional bullish bias to move above the EMA50, which urges caution from the upcoming trading, as holding above it will push the price to push the price to achieve additional gains that reach 73.80, while consolidating below it will press on the price to resume the bearish wave that its targets start at 71.55 and extend to 70.00 after breaking the previous level.
Gold prices declines again to trade below 1945.20 level, reinforcing the expectations of continuing the domination of the correctional bearish trend, which targets 1913.15 as a next station, reminding you that the continuation of the bearish depends on the price stability below 1945.20 and 1954.00 levels.
The EURUSD pair trades with clear negativity now to break 1.0730 level and open the way to resume the expected bearish trend on the intraday and short term basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that our next target is located at 1.0650, while achieving it requires holding below 1.0750.
Marvel Technology's stock (MRVL) surged in the intraday levels while buoyed by piercing the downward medium-term trend line previously, with positive support from the 50-day SMA, marking a strong profit of 7.59% in the last session, or 3.49 points, and settling at 49.47, accompanied with a huge spike in trading volumes, with the stock tackling the important resistance of 49.30, with negative signals from the RSI after reaching overbought levels, hindering the advance.
Therefore we expect more gains for the stock, targeting the resistance of 58.40, provided the initial resistance of 58.40 is reliably breached.
Expected trend for today: Bullish