Alibaba Group Holdings’ stock advanced in the intraday levels, with positive signals from the RSI after reaching oversold levels, thus touching the resistance of the 50-day SMA, amid the dominance of the downward medium-term, as it trades alongside the secondary short-term trend line. 

Therefore we expect the stock to return lower, targeting the first support at 66.60, provided the resistance of 77.77 holds on. 

Expected trend for today: Likely Bearish 

Brent oil price is affected by stochastic negativity to show clear negative trades now, waiting to get positive motive that assists to push the price to resume the expected bullish wave for today, which targets testing 83.87 initially, taking into consideration that continuing the decline and breaking 81.00 will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 81.60 support and 84.60 resistance.

The expected trend for today: Bullish

Crude oil price faces negative pressure now to test the bullish channel’s support line, which urges caution from the upcoming trading, as the price needs to consolidate above this support – located now at 77.05 – to keep the bullish trend active for today, as breaking it will push the price to achieve bearish correction that its next target reaches 75.35, while the price needs to breach 77.86 to revive the positive scenario that targets 80.00 areas on the near-term basis.

The expected trading range for today is between 76.60 support and 79.60 resistance

The expected trend for today: Bullish

Silver price hovers around 23.00 level and finds solid resistance there, waiting to get positive motive that assists to push the price to breach this level and confirm extending the bullish wave towards 23.70 as a next main station.

Moving above the EMA50 supports the expected bullish trend, noting that it is important to hold above 22.85 as a first condition to the continuation of the suggested rise.

The expected trading range for today is between 22.70 support and 23.45 resistance.

The expected trend for today: Bullish