Fedex price driven lower by pivotal resistance - Forecast today - 02-04-2024
Fedex Corporation’s stock price (FDX) fell in the intraday levels after the pivotal resistance of 285.50 held on, with the stock collecting profits and gathering momentum to pierce that resistance, while venting off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the main upward trend in the medium term, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the main resistance of 300.00, provided the initial resistance of 285.50 was reliably pierced.
Trend forecast: Likely Bullish
Brent oil price forecast update 02-04-2024
Brent Oil Price Forecast
Brent oil price trades with strong positivity to approach our waited target at 90.00$ barrier, and the way is open to continue the rise and achieve additional gains that we expect to reach 90.75$ as a next positive station.
- The bullish channel continues to organize the bullish wave, which gets good support by the EMA50, noting that the continuation of the bullish trend requires holding above 87.40$.
The expected trading range for today is between 88.00$ support and 90.00$ resistance.
Trend Forecast
Bullish
Crude oil price forecast update 02-04-2024
Crude Oil Price Forecast
Crude oil price succeeded to achieve our first waited target at 85.00$, and trades with additional positivity to surpass this level and confirm the continuation of the bullish wave on the intraday and short-term basis, on its way to achieve new gains that reach 86.75$.
- Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 83.56$ and holding with a daily close below it.
The expected trading range for today is between 84.00$ support and 86.50$ resistance
Trend Forecast
Bullish
Silver price forecast update 02-04-2024
Silver Price Forecast
Silver price rallies upwards strongly to succeed achieving our first target at 25.50$, and breaches it to confirm the continuation of the bullish trend domination, opening the way to head towards our net target at 26.07$.
- Stochastic shows positive signals that support the expectations of achieving more gains in the upcoming period, reminding you that the continuation of the bullish wave depends on the price stability above 24.85$.
The expected trading range for today is between 24.85$ support and 25.60$ resistance.
Trend Forecast
Bullish