Apple’s stock price (AAPL) maintained its gains in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels compared to the stock’s movements, which could hinder gains.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $237.00, provided the support of $214.60 holds on, with a strong chance of a bounce lower to vent off overbought saturation and collect profits, provided that support holds its ground.
Trend forecast: Bullish
Tesla’s stock price (TSLA) extended its gains in the intraday levels, with positive signals from the RSI and under the dominance of the upward correctional trend in the short term, as the stock tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the first resistance of $234.70, provided the support of $205.60 holds on.
Trend forecast: Bullish
Brent oil price shows new negative trades to approach 78.80$ level, which supports the expectations of continuing the bearish trend domination for the rest of the day, noting that the previously completed double top pattern supports the chances of breaking the mentioned level to extend the negative targets towards 77.00$ areas.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 80.65$ and holding with a daily close above it.
The expected trading range for today is between 78.00$ support and 81.00$ resistance.
Trend forecast: Bearish
Crude oil price resumes its negative trading to move away from 76.86$ level, affected by the double top pattern that appears on the chart, and the way is open to achieve our waited target at 75.00$, reminding you that the chances valid to break this level and head to achieve additional negative targets that reach 74.00$ followed by 73.60$.
The expected trading range for today is between 74.70$ support and 77.70$ resistance
Trend forecast: Bearish