Crude oil price continues to decline to reach the thresholds of the main waited target at 38.10, and we suggest breaking this level to open the way to extend the bearish wave on the short term basis, as our next target is located at 36.10, reminding you that the continuation of the bearish trend depends on the price stability below 40.50.
Gold price tested the key resistance 1908.60 and bounced bearishly from there, to keep the bearish trend cenario valid and active until now, supported by the negative pressure formed by the EMA50, noting that the main expected target of the current bearish wave reaches 1860.90.
The EURUSD pair returns to test the EMA50 that forms good support base at 1.1800, and the price needs to surpass this level to confirm the continuation of the bearish trend in the upcoming sessions, which targets 1.1720 level as a next station, while the expected decline will remain valid conditioned by the price stability below 1.1880.
3M's stock (MMM) fell off a session-high at 172.05 and amid negative signals from the RSI, while gathering momentum to help it rise and target the stubborn resistance of 166.63, amid positive pressure from the 50-day SMA, while trading alongside the upward medium-term trend line.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 182.17, provided the resistance of 169.65 was breached.
Expected trend for today: Bullish