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Update: Crude oil price surpasses the first target

Economies.com
2023-03-17 14:19PM UTC

Crude oil price declined strongly to surpass our first waited target at 67.65 and opens the way to achieve more bearish bias to head towards our next target at 65.70, and we suggest the continuation of the bearish trend domination and suffer additional losses that extend to 64.00 areas, taking into consideration that the continuation of the bearish wave depends on the price stability below 69.25.

Update: Gold price reaches the extended target

Economies.com
2023-03-17 14:19PM UTC

Gold price rallied upwards strongly to reach our extended target at 1960.00, and we need to monitor the upcoming trading carefully, as continuing the rise and breaching this level will extend the bullish wave to achieve additional gains that reach 2000.00$ per ounce barrier, while consolidating against the current rise will press on the price to achieve some bearish correction and visit 1928.60 initially.

Adobe tries to shake off negative pressure - Analysis - 17-03-2023

Economies.com
2023-03-17 12:36PM UTC

Adobe Systems' stock (ADBE) surged in the intraday levels, after beating Wall Street quarterly profit expectations, with the stock spiking 5.90% in the last session, or 19.68 points, settling at 353.29 with trading volumes approaching 7 million shares, above 10-day averages of 4 million shares. 

 

Technically, the stock leaned on the upward correctional short-term trend line, lending it positive momentum amid positive signals from the RSI, while shaking off negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the resistance of 396.40, provided the support of 329.00 holds on.

 

Expected trend for today: Bullish

Didi extends losses - Analysis - 17-03-2023

Economies.com
2023-03-17 12:36PM UTC

Didi Global's stock (DIDIY) kept  falling in the intraday levels while hurt by piercing the upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect more losses for the stock, targeting the support of 3.00, provided the resistance of 4.00 holds on.

 

Expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.795 (2025-07-04 03:25AM UTC)