Alphabet's stock (GOOG) rose in the intraday levels, tackling the pivotal and stubborn resistance of 142.38, amid the dominance of the main upward trend in the medium term, coupled with positive pressure from the 50-day SMA, and positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 155.00, provided the resistance of 142.38 was breached.
Expected trend for today: Bullish
Ford's stock (F) fell in the intraday levels while gathering momentum to rise anew, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock's movements, hinting at positive divergence.
Therefore we expect the stock to return higher, targeting the resistance of 12.90, provided the support of 11.20 holds on.
Expected trend for today: Bullish
Brent oil price is facing negative pressure to break 77.44 level and approach the next key support at 76.90, which urges caution from the upcoming trading, as the price needs to hold above these levels to keep the positive scenario active, which its next target located at 79.15.
On the other hand, we should note that the continuation of the decline and breaking 76.90 support will put the price under additional negative pressure that targets 74.70 areas initially.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bullish
Crude oil price shows negative trades to approach the key support 71.50, to hint heading to activate the negative scenario in the upcoming sessions, but we still neutral until the price confirms breaking this support or breaching 73.73 resistance to detect the next targets clearly.
Note that the continuation of the decline and breaking the mentioned support will push the price to achieve negative targets that start at 70.00, while breaching the resistance represents positive factor that will push the price to recover and achieve gains that start at 75.90.
The expected trading range for today is between 70.50 support and 74.00 resistance.
The expected trend for today: Neutral