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CitiGroup rises alongside upward trend line - Analysis - 27-07-2023

Economies.com
2023-07-27 10:07AM UTC

Citigroup's stock (C) rose in the intraday levels amid positive pressure from the 50-day SMA, while trading alongside the upward short-term trend line, marking a fresh profit of 0.85% in the last session, or 40 cents, and settling at 47.49, with negative signals from the RSI after reaching overbought levels, curbing recent gains.

 

We expect the stock to rise and target the first resistance at 49.40, provided the support of 45.70 holds on.

 

Expected trend for today: Bullish

Midday update for Brent oil 27-07-2023

Economies.com
2023-07-27 09:44AM UTC

Brent oil price continues to fluctuate around 83.50, waiting to confirm breaching this level to open the way to rally towards 85.00 as a next main station.

 

Therefore, we will keep our bullish overview that gets positive support by the technical indicators, reminding you that the consolidation of 83.50 level against the positive attempts will stop the bullish wave and force the price to turn to decline.

 

The expected trading range for today is between 82.30 support and 85.30 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 27-07-2023

Economies.com
2023-07-27 09:44AM UTC

Crude oil price shows weak trades since morning, settling around 79.70, waiting to resume the expected bullish trend for the upcoming period, which moves inside the bullish channel that appears on the chart, reminding you that we are waiting to visit 80.00 followed by 82.00.

 

Holding above 78.90 and 78.25 levels is important to continue the suggested bullish wave, as breaking it will push the price to turn to decline and head towards 77.35 and might extend to 76.10 before any new attempt to rise.

 

The expected trading range for today is between 78.25 support and 81.50 resistance.

 

The expected trend for today: Bullish

Midday update for Silver 27-07-2023

Economies.com
2023-07-27 09:43AM UTC

Silver price hovers around 25.00 since morning, affected by stochastic negativity that hinders the mission of continuing the rise, and as long as the price is above 24.60, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our waited targets start at 25.50 followed by 26.07.

 

The expected trading range for today is between 24.80 support and 25.60 resistance.

 

The expected trend for today: Bullish