Carnival Corporation's stock (CCL) rose in the intraday levels, amid positive support from the 50-day SMA, while piercing the downward short-term trend line, tackling the pivotal resistance of 11.38.
Therefore we expect more gains for the stock, targeting the resistance of 14.20, provided the resistance of 11.38 was breached.
Expected trend for today: Bullish
JPMorgan Chase's stock (JPM) rose in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI after reaching oversold levels, coupled with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 151.85, provided the resistance of 139.57 was breached.
Expected trend for today: Bullish
Wells Fargo's stock (WFC) kept rising in the intraday levels, while buoyed by piercing the downward short-term trend line recently, buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 53.30, provided the initial resistance of 48.36 was breached.
Expected trend for today: Bullish
Brent oil price bounced bearishly after finding solid resistance at 83.50, to fall under potential negative pressure in the upcoming sessions, targeting testing 81.30 level initially, and we believe that staying aside is required now until the price confirms its next destination clearly, through surpassing one of the mentioned levels.
Note that breaking 81.30 support will lead the price to suffer additional losses that reach 79.10, while breaching 83.50 resistance will push the price to recover and visit 85.10 mainly.
The expected trading range for today is between 81.50 support and 84.00 resistance.
The expected trend for today: Neutral