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Comcast declines within a descending correctional price channel - Analysis - 29-11-2021

Economies.com
2021-11-29 09:28AM UTC

Comcast's stock declined 1.5% in the last session while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, settling thereafter at 51.10.

 

Therefore we expect more losses for the stock, targeting the support of 45.40, provided it settles below the resistance of 52.28.

 

Expected trend for today: Bearish

Midday update for Brent oil 29-11-2021

Economies.com
2021-11-29 10:15AM UTC

Brent oil price fluctuates near 75.20 level and keeps its stability below it until now, waiting to get negative momentum that assit to push the price to resume the expected bearish trend for the upcoming period, supported by the negative pressure coming by the EMA50, reminding you that our targets begin at 72.70 and extend to 69.60 after breaking the previous level.

 

The expected trading range for today is between 72.50 support and 76.00 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 29-11-2021

Economies.com
2021-11-29 10:15AM UTC

Crude oil price shows calm negative trades to approach gradually from 70.85 level, and the price needs to break this level to confirm resuming the bearish wave that targets 67.40 initially, to keep our bearish overview for the upcoming period unless the price rallied to breach 73.60 and hold above it.

 

The expected trading range for today is between 69.00 support and 73.00 resistance.

The expected trend for today: Bearish

Midday update for Silver 29-11-2021

Economies.com
2021-11-29 10:15AM UTC

Silver price didn’t show any strong move since morning, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 23.15 to confirm extending the bearish wave towards 22.20, noting that it is important to hold below 23.60 as a first condition to continue the expected decline.

 

The expected trading range for today is between 22.80 support and 23.70 resistance.

 

The expected trend for today: Bearish