Alphabet's stock (GOOG) fell in the intraday levels after the US Justice Department filed a anti-trust lawsuit against Google for its digital ad business, sending the stock down 1.98%, or 2 points, settling at 99.21, with trading volumes surpassing 27.3 million shares, similar to 10-day averages.
Technically, the stock is exposed to negative pressure after hitting the resistance of the main downward trend line in the short term, with negative signals from the RSI, while receiving positive support from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 94.40, provided the resistance of 102.60 holds on.
Expected trend for today: Bearish
Brent oil price shows sideways trades since morning, waiting to resume the bearish bias to test 85.10 level as a next negative station, which breaking it represents the key to rally towards achieving new negative targets that start at 83.70 and extend to 82.00, taking into consideration that the continuation of the bearish wave depends on the price stability below 86.90.
The expected trading range for today is between 85.00 support and 88.00 resistance.
The expected trend for today: Bearish
Crude oil price shows negative trades now to approach the first waited target at 78.95, reminding you that breaking this level will push the price to achieve additional decline that its next target reaches 77.25, to continue suggesting the bearish trend for the upcoming period unless breaching 80.80 and holding above it.
The expected trading range for today is between 78.50 support and 81.60 resistance.
The expected trend for today: Bearish
Silver price is affected by stochastic negativity to provide negative trades now, but as long as the price is above 23.05, our bullish overview will remain valid for today, waiting to breach 23.70 to ease the mission of achieving our positive targets that start at 24.00 and extend to 24.55.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bullish