Campbell Soup Company’s stock price (CPB) rose in the intraday levels, buoyed by positive signals from the RSI as the price tries to retest the resistance of $37.94, while recouping some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower, provided it settles firmly below the resistance of $37.94, thus targeting the support of $33.90.
Trend forecast for today: Likely Bearish
Occidental Petroleum’s stock price (OXY) skidded in the intraday levels, after bumping into the resistance of the 50-day SMA, giving up to that negative pressure, amid the dominance of the main downward trend in the medium term, while the RSI reached overbought levels compared to the stock’s movements.
Therefore we expect more losses for the price, targeting the pivotal support of $45.17, provided the resistance of $49.75 holds on.
Trend forecast for today: Bearish
The EURGBP price continued to form bullish waves to notice rallying above 0.8340 obstacle and confirm its preparation to renew the positive action by achieving 0.5355.
We remind you that it is important to hold above 0.8325 additional support and get the positive momentum by stochastic to keep the bullish overview and attack 0.8370 level soon, while surpassing it will push the price to 0.8395 as a next main target.
The expected trading range for today is between 0.8335 and 0.8370
Trend forecast: Bullish
Natural gas price confirmed surpassing the additional barrier at 3.520$ to notice forming strong bullish rally and achieve many gains by reaching 3.670$.
Now, the major indicators provide the positive momentum to allow us to keep the bullish overview that might target 3.730$ level soon, followed by reaching 3.840$ resistance line.
The expected trading range for today is between 3.540$ and 3.730$
Trend forecast: Bullish