Credit Suisse's stock (CS) declined amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, readying to pierce the pivotal support of 6.07, marking a loss of 5.37% in the last session, or 35 cents, and settling at 6.17, with trading volumes surpassing 25 million shares, above 10-day averages of 20 million shares. 

The losses came after it denied State Street will take control of the Swiss bank, with State Street's stock tumbling as well by 2.4%.

Therefore we expect more losses for the stock, targeting the support of 5.28, provided the support of 6.07 was breached. 

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Expected trend for today: Bearish 

Docusign's stock (DOCU) skidded in the intraday levels after the revising down its quarterly estimates, while expecting mains bills to hit $2.531 billion, down from $2.7 billion before, with the stock tumbling 24.53%, or 21.43 points, settling at 65.93, becoming the worst performing stock on the NASDAQ, with trading volumes surpassing 41.7 million shares, above 10-day averages of 8.2 million shares.

The main downward trend dominates in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, after reaching overbought levels, with the stock parking at the pivotal support of 66.00.

Therefore we expect more losses for the stock, targeting the support of 43.60, provided the support of 66.00 was breached.

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Expected trend for today: Bearish 

Brent oil price continues to fluctuate at the bullish channel’s support line around 118.50 and didn’t provide and clear signal for the next trend, to continue with our neutrality until the price confirms its situation according to the mentioned level, noting that the contradiction still valid between the technical indicators.

To review the expected targets for the upcoming period, please check our morning report.

The expected trading range for today is between 116.50 support and 121.00 resistance.

The expected trend for today: Neutral

Crude oil price settles around 116.50, and it didn’t show any strong move since morning, to keep the bearish trend scenario valid until now, depending on the price stability below 117.10, reminding you that our next negative targets start at 115.70 and extend to 113.70.

The expected trading range for today is between 114.00 support and 118.50 resistance.

The expected trend for today: Bearish