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Facebook retests breached upward trend line - Analysis - 01-02-2022

Economies.com
2022-02-01 10:52AM UTC

Facebook's stock (FB) rose 3.83% in the last session amid positive signals from the RSI after reaching oversold levels, settling at 313.26, while retesting the main upward trend line that breached recently, amid negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 287.00, provided the resistance of 315.90 holds on.

 

Expected trend for today: Bearish

Midday update for Brent oil 01-02-2022

Economies.com
2022-02-01 11:20AM UTC

Brent oil price traded with clear negativity to test the bullish channel’s support line, and bounced bullishly to attempt to move above 88.80, to keep the chances valid to continue the main bullish trend, which its next target located at 91.60, noting that breaking 87.70 will stop the suggested positive scenario and press on the price to start correctional bearish trend.

 

The expected trading range for today is between 88.30 support and 91.00 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 01-02-2022

Economies.com
2022-02-01 11:20AM UTC

Crude oil price faces negative pressure to test the key support 87.00, and as long as the price is above this level, our bullish overiew will remain valid for today, supported by the EMA50, waiting to resume the bullish trend that its targets begin at 90.00 and extend to 92.55 after surpassing the previous level.

 

The expected trading range for today is between 87.00 support and 90.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 01-02-2022

Economies.com
2022-02-01 11:19AM UTC

Silver price breached 22.55 level strongly to head towards rising in the upcoming sessions, and we suggest visiting 23.15 level mainly, being aware that we need to monitor the price behavior when reaching this level, as breaching it will push the price to achieve more gains on the intraday basis, while consolidating against the bullish bias will press on the price to rebound bearishly and resume the main bearish trend that its targets begin by testing 21.95.

 

The expected trading range for today is between 21.50 support and 23.00 resistance.

 

The expected trend for today: Bullish for the rest of the day