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American Eagle tries to shake off negative pressure - Analysis - 12-04-2023

Economies.com
2023-04-12 12:15PM UTC

American Eagle Outfitters' stock (AEO) extended its gains in the intraday levels, amid the dominance of the upward correctional in the short term, while shaking off negative pressure from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels, hindering movements. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 15.26, provided it settles above 13.74. 

 

Expected trend for today: Bullish

Pepsico tries to vent off overbought saturation - Analysis - 12-04-2023

Economies.com
2023-04-12 12:16PM UTC

Pepsico's stock (PEP) fell in the intraday levels while gathering momentum to rebound, while venting off overbought saturation in the RSI, with negative signals out of them, marking a final loss of 0.15% in the last session,  or 28 cents, while settling at 182.92, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 186.84, provided the support of 178.23 holds on.

 

Expected trend for today: Bullish

Midday update for Brent oil 12-04-2023

Economies.com
2023-04-12 10:39AM UTC

Brent oil price crawls upwards, moving at the bullish channel’s support line, approaching our first waited target at 86.85, and we suggest breaching this level to open the way to head towards 89.00 as a next main target.

 

Therefore, the bullish trend scenario will remain valid and active for today unless breaking 85.05 and holding below it.

 

The expected trading range for today is between 84.50 support and 87.50 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 12-04-2023

Economies.com
2023-04-12 10:39AM UTC

Crude oil price begins to test 81.70 level, and as we mentioned this morning, the price needs to breach this level to confirm rallying towards more positive targets that reach 83.25.

 

Until now, the bullish trend scenario still active for today, supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave requires holding above 80.85.

 

The expected trading range for today is between 80.00 support and 83.00 resistance.

The expected trend for today: Bullish