Ford Motor Company's stock (F) tumbled 1.86% in the last session while gathering positive momentum to rise anew, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 21.45, provided the support of 19.00 holds on.
Expected trend for today: Bullish
Brent oil price continues to press negatively on 72.70, waiting to confirm breaking this level to rally towards 71.00 that represents our next negative station, to keep the bearish trend scenario valid and active for today, affected by the double top pattern mentioned this morning, reminding you that holding below 75.20 is important to continue the expected decline.
The expected trading range for today is between 71.00 support and 74.00 resistance.
The expected trend for today: Bearish
Crude oil price shows new negative trades to move away from the broken neckline of the double top pattern, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our negative targets that start at 68.20 followed by 67.40, noting that the continuation of the bearish wave depends on the price stability below 70.85.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bearish
Silver price continues to decline to crawl gradually towards our waited target at 21.40, and we expect to extend the bearish wave on the longer term basis supported by the negative pressure formed by the EMA50, reminding you that the continuation of the expected decline requires holding below 22.30.
The expected trading range for today is between 21.40 support and 22.15 resistance.
The expected trend for today: Bearish