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BlackRock suffers from negative pressures - Analysis - 08-09-2023
BlackRock's stock (BLK) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA, as the stock trades below it, while also hurt by piercing the secondary upward trend in the short term.
Therefore we expect the stock to decline and target the support of 665.23, provided the resistance of 708.30 holds on.
Expected trend for today: Bearish
Midday update for Brent oil 08-09-2023
Brent oil price shows strong positive trades to test the key resistance 90.85, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trends scenario active for today, which its first target located at 89.25.
MoreMidday update for Crude oil 08-09-2023
Crude oil price trades with clear positivity to start testing the key resistance 87.45, which urges caution from the upcoming trading, as surpassing this level represents the key to continue the rise and stop the morning suggested correctional bearish scenario, to head towards testing 88.18 followed by 89.95 levels as main positive stations.
MoreMidday update for Silver 08-09-2023
Silver price keeps its stability above 23.00 level, to keep the bullish trend scenario active for today, which targets 23.70 mainly.
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