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AT&T ends cautiously higher - Analysis - 17-03-2023

Economies.com
2023-03-17 12:34PM UTC

AT&T's stock (T) rose in the intraday levels, amid positive signals from the RSI, after reaching oversold levels, amid attempts to recoup some recent losses, marking a cautious profit of 0.44% in the last session, or 8 cents, and settling at 18.39, amid negative pressure from the 50-day SMA, while hurt  by piercing the upward correctional trend line in the short term.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 17.64. 

 

Expected trend for today: Bearish

Midday update for Brent oil 17-03-2023

Economies.com
2023-03-17 10:31AM UTC

Brent oil price faces solid resistance at 75.18 and continues to fluctuate around it, and our neutrality still valid until we get clearer signal for the next trend, to continue monitoring the price according to this level.

 

We remind you that consolidating below it will push the price to decline again and head towards 73.35 followed by 72.00 levels, while surpassing it followed by breaching 75.45 will push the price to achieve gains that start by visiting 77.65 areas.

 

The expected trading range for today is between 73.70 support and 77.20 resistance.

 

The expected trend for today: Neutral

Midday update for Crude oil 17-03-2023

Economies.com
2023-03-17 10:30AM UTC

Crude oil price keeps its consolidation below 69.25 level, accompanied by stochastic reach to the overbought aeras, waiting to resume the expected bearish wave on the intraday and short term basis, which its next targets located at 67.65 followed by 65.70.

 

Therefore, we will keep our bearish overview that gets good support by the EMA50, reminding you that it is important to hold below 69.25 to achieve the waited targets.

 

The expected trading range for today is between 67.00 support and 70.50 resistance.

The expected trend for today: Bearish

Midday update for Silver 17-03-2023

Economies.com
2023-03-17 10:30AM UTC

Silver price shows some slight bearish bias, waiting to get more positive momentum to reinforce the chances of continuing the bullish trend and achieve our targets that start at 22.13 and extend to 23.05 after surpassing the previous level.

 

In general, the bullish trend will remain valid unless breaking 21.40 and holding below it, noting that the EMA50 continues to support the expected bullish wave.

 

The expected trading range for today is between 21.50 support and 22.40 resistance.

The expected trend for today: Bullish