ExxonMobil price surrounded with positive pressures - Forecast today - 13-05-2024
ExxonMobil Corporation’s stock price (XOM) fell in the intraday levels, while collecting profits amid the dominance of the upward trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $123.75, provided the support of $114.13 holds on.
Trend forecast: Likely Bullish
Amazon price driven lower by pivotal resistance - Forecast today - 13-05-2024
Amazon.com’s stock price (AMZN) fell in the intraday levels, after the pivotal resistance of $189.77 fell on profit-taking, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of $204.55, provided the resistance of $189.77 was breached.
Trend forecast: Likely Bullish
The GBPCAD leans above the moving average – Forecast today – 13-5-2024
GBPCAD Price Analysis
Expected Scenario
- The GBPCAD price succeeded to face the temporary negative pressures by providing clear positive stability above the MA55 at 1.7085, to decrease the chances of attacking the major support 1.7058 and notice the beginning of forming bullish waves and recording some gains by touching 1.7140.
- We assure the importance of gathering the additional positive momentum to assist to confirm the bullish scenario, waiting to target new positive stations that might extend towards 1.7185 soon, while surpassing this obstacle will push the price to 1.7245 as a next main target for the bullish trades.
Expected Trading Range
Between 1.7090 and 1.7185
Trend Forecast: Bullish
Natural gas price repeats the positive closings – Forecast today – 13-5-2024
Natural Gas Price Analysis
Expected Scenario
- Despite natural gas price lack of the positive momentum, the frequent stability above the MA55 and 2.200$ level forming additional support allow us to keep the previously suggested bullish overview.
- The price might form temporary sideways trades until gathering the positive momentum to manage to continue the rise and reach the next main stations near 2.420$ and 2.520$.
Expected Trading Range
Between 2.200$ and 2.420$
Trend Forecast: Bullish