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Coca-Cola tries to vent off oversold saturation - Analysis - 06-10-2021
Coca-Cola's stock (KO) rose 0.17% in the last session while trying to recover recent losses, while venting off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 52.00, provided it holds below 53.70.
Expected trend for today: Bearish
Midday update for the NZDUSD 06-10-2021
The NZDUSD pair declines strongly to surpass our first target at 0.6890 and opens the way to extend the bearish wave on the intraday and short term basis, waiting to head towards 0.6805 that represents our next main target, reminding you that it is important to hold below 0.6990 to continue the suggested bearish wave.
MoreMidday update for the AUDUSD 06-10-2021
The AUDUSD pair traded with strong negativity to break 0.7245 level and settles below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, and the way is open to head towards our main expected target at 0.7170, which achieving it requires holding below 0.7290.
MoreMidday update for Brent oil 06-10-2021
Brent oil price resumes its negative trading after the positive attempt that it showed this morning, to keep the bearish trend valid and active for today, supported by the negative signal provided by stochastic, depending on the price stability below 83.05, reminding you that our expected targets begin at 79.90 and extend to 77.70.
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