Qualcomm Incorporated’s stock price (QCOM) rose in the intraday levels, confirming that it shook off the negative pressure due to piercing the downward correctional trend line in the short term, while trespassing the resistance of the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, provided it settles firmly above the support of $156.34, targeting the resistance of $177.6.

Trend forecast for today: Bullish 

Walgreens Boots Alliance’s stock price (WBA) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, amid the dominance of the upward correctional wave in the short term, with positive pressure due to trading above the 50-day SMA. 

Therefore we expect the price to return higher and target the resistance of $15.54, provided it settles firmly above the support of $11.11. 

Trend forecast for today: Likely Bullish 

Brent oil price traded with clear negativity to confirm breaking 80.10$ level and reinforce the chances of continuing the decline for the upcoming sessions, waiting to visit 78.39$ that represents our next main target.

Moving below the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 80.10$ and the most important below 80.85$.

The expected trading range for today is between 78.60$ support and 81.60$ resistance.

Trend forecast: Bearish

Crude oil price resumes its negative trading to break 77.53$ and attempt to hold below it, reinforcing the expectations of continuing the domination of the correctional bearish trend for the rest of the day, paving the way to head towards 75.53$ as a next negative station, reminding you that breaching 78.25$ will stop the bearish trend and push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 76.30$ support and 79.30$ resistance

Trend forecast: Bearish