Clorox Company's stock (CLX) declined in the intraday levels after the current resistance of 165.00, collecting recent profits and venting off overbought saturation in the RSI, while gathering positive momentum that might help it recoup anew, as it marked a final loss of 0.19% in the last session, or 32 cents, and settling at 164.90, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to rise and target the first resistance of 171.50, provided the resistance of 165.00 was breached.
Expected trend for today: Bullish
Nucor Corporation's stock (NUE) skidded in the intraday levels after touching the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term trend, while hurt by piercing the main upward trend line previously, with negative signals from the RSI after reaching overbought levels, marking a hefty loss of 4.57% in the last session, or 7.09 points, and settling at 147.95.
Therefore we expect more losses for the stock, targeting the important support of 139.00, provided the resistance of 154.90 holds on.
Expected trend for today: Bearish
Brent oil prices hovers around 80.96 level and attempts to consolidate below it, to continue suggesting the bearish trend for today, which targets 79.85 followed by 78.90 levels as next main stations, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 80.96.
The expected trading range for today is between 79.40 support and 82.50 resistance.
The expected trend for today: Bearish
Crude oil prices fluctuate within tight sideways track since morning, noticing that stochastic begins to lose the positive momentum, waiting to motivate the price to resume the expected bearish trend for today, which its targets begin at 76.10 and extend to 73.85 after breaking the previous level, taking into consideration that breaching 78.90 will stop the negative scenario and push the price to return to the main bullish track again.
The expected trading range for today is between 75.70 support and 78.90 resistance.
The expected trend for today: Bearish