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Eli Lilly stalls - Analysis - 18-08-2023
Eli Lilly and Company's stock (LLY) fell in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while collecting recent profits, and gathering momentum to rise anew, as the stock vents off overbought saturation in the RSI.
Therefore we expect the stock to return higher, targeting the resistance of 563.50, provided the support of 502.70 holds on.
Expected trend for today: Bullish
Midday update for Brent oil 18-08-2023
Brent oil price shows more bearish bias to move away from 84.33, reinforcing the expectations of continuing the correctional bearish trend, reminding you that our waited targets begin at 83.15 and extend to 81.90.
MoreMidday update for Crude oil 18-08-2023
Crude oil price rebounds bearishly after testing 80.65 in the previous sessions, motivated by the negative signal provided by stochastic now, waiting for more decline to achieve the expected correctional target at 78.05.
MoreMidday update for Silver 18-08-2023
Silver price resumes its negative trading after the rise that it witnessed in the previous sessions, to support the continuation of the expected bearish trend for today, which targets 22.25 as a first main station.
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