3M's stock rose 0.8% in the last session, settling at 179.84, while recouping recent losses in the short term, amid the dominance of the downward correctional wave, while venting off oversold saturation in the RSI, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 173.00, provided the support of 179.50 was breached.
Expected trend for today: Bearish
The NZDUSD pair rallies upwards to test the bearish channel’s resistance, and the EMA50 forms continuous negative pressure against the price, to support the chances of resuming the correctional bearish trend, which its next main target located at 0.6945, while achieving it requires holding below 0.7084.
The expected trading range for today is between 0.6930 support and 0.7060 resistance
The expected trend for today: Bearish
The AUDUSD pair returns to test the intraday bearish channel’s resistance and attempts to breach it, which urges caution from the upcoming trading, as continuing the rise and breaching 0.7285 will lead the price to achieve more gains that target 0.7375 areas on the near term basis, while the price needs to break 0.7225 to confirm rallying towards 0.7100 as a next negative target.
The expected trading range for today is between 0.7160 support and 0.7260 resistance
The expected trend for today: Bearish
Brent oil price settles above 76.00 level, and it might show temporary sideways trades affected by stochastic negativity before resuming the main bullish trend, which targets 77.80 as a next main station, taking into consideration that breaking 74.70 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 75.00 support and 78.00 resistance.
The expected trend for today: Bullish