Crude oil price rallied upwards strongly to surpass our waited target at 63.76 and opens the way to achieve more gains on the short term and medium term basis, on its way to visit 66.00 as a next main station, noting that the continuation of the bullish wave requires holding above 61.10.
Gold price resumed its negative trades to press on 1700.00 barrier and approaches our waited target at 1692.00, to support the continuation of our bearish overview that its targets extend to 1.1670, noting that holding below 1720.00 represents initial condition to achieve the waited targets.
The EURUSD pair succeeded to achieve our waited target at 1.1976 and attempts to break it, reinforcing the chances of extending the bearish wave on the intraday and short term basis, noting that holding below 1.2064 represents the first condition to continue the expected decline.
City Group's stock (C) returned higher with a 2.13% profit in the last session, as it trades alongside the upward short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance at 74.00, provided it holds above 68.20.
Expected trend for today: Bullish