Alibaba Group Holdings’ stock (BABA) rose in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support at $71.80, provided it settles below $77.80. 

Trend forecast: Likely Bearish 

Pfizer’s stock price (PFE) fell in the intraday levels, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, while a negative divergence starts forming in the RSI after reaching overbought levels compared to the stock’s movements, sending out negative signals. 

Therefore we expect more losses for the stock, targeting the pivotal support of $26.00, provided it settles below the resistance of $28.40. 

Trend forecast: Bearish 

Brent oil price shows bullish bias to approach testing 85.80$ level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to visit 84.10$ followed by 82.74$ after breaking the previous level.

The expected trading range for today is between 83.10$ support and 86.00$ resistance.

Trend forecast: Bearish

Crude oil price trades with clear positivity to test the key resistance 81.84$, which represents the first protection factor to the continuation of the expected correctional bearish scenario for the upcoming period, as the price needs to hold below this level and below 82.60$ to keep the bearish trend active, affected by the previously completed double top pattern, reminding you that our next main target is located at 80.08$.

The expected trading range for today is between 79.60$ support and 82.50$ resistance

Trend forecast: Bearish